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Full text of "Statistical summary, December 1942- November 1943"

Digitized by the Internet Archive 

in 2013 



http://archive.org/details/statisticalsumnria1943bank 



9/f 

Government 
CAl FM ^ Publications 

s 



C^Ou-ruCuo 



X 



/3ix*^;£ c f^ c/ 



^ 



BANK OF CANADA 
't 

STATISTICAL SUMMARY 



1942 - 46 & Suppl. 



651 G54 



/6~ X, S7 


r 


in 




2 Uc 


■ 2. 



TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 

I Bank of Canada: 

Assets and Liabilities 



Char Is 



II Chartered Banks: 

Assets and Liabilities 

Annual Classification of Demand and Notice Deposits 
Annual Classification of Loans in Canada .... 

Ill Security Prices: 

Govt. Securities, Payable in Canada only .... 

Yields of Dom. Govt. Bonds, Payable in Canada only 



IV Estimated Canadian Balance of International Payments 

V Bond Issues and Retirements 

VI Public Finance: Bonds Outstanding 

VII Business Activity 

VIII Wholesale Prices 

IX Employment and Payrolls .... 

X Central Electric Stations 13 

Installed Capacity and Output 13 

XI U. S. A. Statistics: 

Banking, Security Market, Production, Income and Prices . . II 



Pages 
1 - 2 

3 - 4 
5 

6 
6 

7 - 8 

9 - 10 

10 

1 I 

II 

12 



TABLES AND CHARTS MAY BE REPKODUCKD OR REFERRED TO 1'ROVIDIiD THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCK 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where. 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa 



DEC. 1942 - JAN. 1943 



Millions of Dollars 



DEC. 1942 - JAN. 19.. # 

I— BAll 











LIABILITIES 










Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Toti 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Asset - " 
or 
Liabili, 


Average of 
\\ ednesday Figures 

1030- Jan. 


01.1 


210.4 


271.5 


23.0 


3.3 


107.5 


10.1 


416. 


Feb. 


53. 4 


207.0 


260.4 


31.8 


3.1 


106.0 


10.4 


411J ! 


Mar. 


52.1 


205.3 


257.4 


19.3 


4.3 


107.2 


9.1 


3974 


Apr. 


50. 1 


203.7 


259.8 


20.4 


S.O 


109.4 


9.0 


406.T 


May 


55.4 


206.3 


261.7 


27.1 


8.0 


110.8 


9.8 


417J : 


June 


57.3 


203. S 


261.1 


30.- S 


5.0 


108.2 


9.3 


414.< ■; 


July 


57.4 


203.6 


261.0 


25.0 


5.1 


111.5 


9.1 


411. 


Auk- 


58.9 


203.0 


261.9 


29.5 


8.0 


115.2 


10.0 


424.^ 


Sept. 


04.1 


205.6 


269.7 


42.3 


11.3 


134.2 


13.7 


471.fi 


Oct. 


72.3 


• 217.4 


289.7 


45.0 


10.0 


154.3 


13.0 


519." 


Nov. 


(iO.O 


225.0 


294.9 


45.0 


22.3 


154.5 


15.5 


532. j 


Dec. 


73.0 


219.7 


292.7 


45.0 


19.2 


155.9 


13.3 


526. i 


1040 Jan. 


73.2 


217.0 


290.2 


52.2 


19.6 


147.6 


13.9 


523. 3 


Feb. 


(55.2 


210.8 


276.0 


64.2 


' 7.3 


144.6 


12.5 


504. j 


Mar. 


04.5 


200.7 


271.2 


51.7 


15.7 


151.1 


13.1 


502.2 


Apr. 


00.9 


201.7 


268.6 


43.8 


11.4 


154.3 


15.1 


493.2 


May 


65.8 


217.7 


283.5 


45.6 


10.0 


157.1 


14.1 


510. 


June 


08.0 


216.1 


284.7 


41.2 


11.6 


181.2 


14.5 


533. 


July 


7S.fi 


200.7 


279.3 


26.2 


9.3 


207.4 


13.4 


535. 


Aug. 


86.3 


206.3 


292.6 


25.3 


8.3 


214.4 


14.3 


554. 


Sept. 


88.7 


219.9 


308.6 


31.5 


8.1 


232.6 


10.0 


596. 


Oct. 


91.0 


224. S 


315.8 


34.3 


6.2 


244.1 


10.7 


617. 


Nov. 


93.7 


2 IN. 2 


311.9 


71.3 


10.2 


241.1 


14.4 


649. 


Dec. 


92.3 


224.5 


316.8 


30.5 


5.4 


256.3 


14.6 


629. 


1041- Jan. 


100.9 


220.1 


321.0 


23.4 


S.I 


248.8 


17.3 


619 " 


Feb. 


90.7 


211.6 


302.3 


43.1 


5.5 


250.7 


13.2 


620 


Mar. 


91.4 


214.3 


305.7 


35.6 


5.3 


26S.1 


12.7 


627 * 


Apr. 


92.1 


223.9 


316.0 


15.0 


7.2 


279.7 


15.9 


633 


May 


99.3 


207.2 


306.5 


72.9 


7.0 


277.0 


14.1 


678 . 


June 


96.5 


225.1 


321.6 


150.4 


7.1 


290.3 


18.8 


794 


July 


9S.S 


20S.1 


306.9 


29.7 


7.0 


301.4 


18.1 


663 


Aug . 


103.3 


209.7 


313.0 


2S.7 


5.1 


311.1 


10.1 


674 


Sept. 


104.0 


210.4 


315.0 


95.7 


8.9 


325.5 


10.2 


761 i. 


Oct. 


104.0 


213.3 


318.2 


52.5 


5.9 


337.8 


19.9 


734: 


Nov. 


113.4 


235.5 


348.9 


44.2 


10.0 


345.0 


19.1 


768 •' 


\)vv. 
1042- Jan. 


111.4 
124.4 


227.1 
195.0 


338.5 
319.4 


61.9 

59.9 


7.6 
8.6 


372.2 

357.9 


22.3 
17.8 


802 
763 


Feb. 


100.0 


210.5 


320.1 


31.0 


15.8 


370.1 


17.5 


760 


Mar. 


110.7 


23S.1 


348.8 


242.7 


10.9 


390.1 


17.8 


1,0101 


Apr. 


113.4 


21S.S 


332.2 


05.1 


13.0 


101.4 


20.2 


868 • 


May 


118.1 


199.7 


317.8 


109.2 


14.7 


404.4 


19.7 


865 


June 


117.0 


201.0 


318.6 


3S.0 


17.2 


410.0 


21.1 


811 


[uly 


1 11. 7 


2 13.0 


358.3 


30.9 


19.6 


438.1 


21.3 


8684 


Aug. 


119.1 


214.9 


334.0 


31.5 


18.5 


100.7 


22.5 


8674 


Sept. 


117.5 


230.1 


347.6 


25.7 


21.0 


195.0 


22.0 


911 


Oct. 


130.1 


2 1 1 .6 


371.7 


37.5 


l 1.8 


515.3 


23.1 


9624 


Now 


137.2 


271.3 


408.5 


41.3 


25.0 


528.3 


25.0 


1 .02* | 


Dec. 


1 28 . 1 


253.3 


381.7 


32.9 


20. 1 


553.2 


29.8 


l.Olfl 


\\ ednesday s 
1943 Ian. (i 


143.8° 


227.9 


371.7 ' 


33.8 


52.1 


5 10.1' 


2 1.7 


1,02*1 


l.s 


150.0'" 


23S.3 


388.9' 


58.8 


1 1.3 


53:; 


2 1 .9 


1.02(1 


20 


151.1'" 


228.9 


380.0' 


21.2 


40.0 


529.3' 


25.9 


1.00(1 


27 


140. r" 


2 17.3 


387.4' 


36. 1 


38.1 


536.7° 


24.5 


-3- 



(I) Estimates. *May, 1^40 and subsequent figures give effect to the enactment, undei t tic War Measures \ct. of the Foreign I ■ Vcquisition O 

balances, were sold to the Foreign Exchange Control Board, and the Hank's minimum gold reset ve requirement was temporarilj discontinued. 



EC 


1942 - JAN. 1943 


















ANADA 












Millions of Dollars 








ASSETS 










Reserve 






Securities 


Advances 


All 

Other 

Accounts 




r 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 

Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total 






















Average of 






















Wednesday Figures 


t!4 


- 


31.1 


219.5 


54.09 


140.1 


41.6 


181.7 


- 


14.7 


Jan.— 1939 


.-6 


- 


42.1 


236.8 


59.01 


128.8 


39.1 


167.9 


- 


7.0 


Feb. 


16 


— 


32.3 


233.9 


60.26 


129.8 


28.6 


158.4 


- 


5.0 


Mar. 


1.6 


— 


33.2 


238.9 


60.09 


133.7 


28.5 


162.3 


- 


5.1 


Apr. 


»;9 


- 


35.6 


241.5 


59.23 


122.8 


43.7 


166.5 


- 


9.5 


May 


..6 


- 


41.4 


247.0 


60.97 


110.4 


52.0 


162.5 




4.9 


June 


•|5 


— 


36.9 


242.4 


60.22 


111.7 


51.3 


163.0 


- 


6.3 


July 


8 


- 


50.5 


256.2 


61.80 


110.7 


51.9 


162.6 


- 


5.9 


Aug. 


6 


- 


51.6 


276.2 


60.37 


128.5 


60.8 


189.4 


.3 


5.4 


Sept . 


7 


- 


51.4 


277.1 


54.80 


174.1 


59.1 


233.2 


1.0 


7.9 


Oct. 


• 7 


- 


50.1 


275.8 


53.37 


198.8 


49.6 


248.4 


2 


7.8 


Nov. 


7 


- 


61.9 


287.6 


56.08 


183.7 


48.8 


232.4 


- 


6.1 


Dec. 


7 


— 


63.9 


289.7 


56.85 


177.6 


49.6 


227.2 




6.6 


Jan.— 1940 


:.s 


- 


60.0 


285.8 


58.09 


161.6 


51.1 


212.7 


.1 


6.0 


Feb. 


8 


- 


62.5 


288.3 


58.87 


107.9 


100.0 


207.9 




0.0 


Mar. 


|;8 


-' 


55.3 


281.0 


58.78 


99.7 


106.1 


205.9 


- 


6.3 


Apr. 




- 


* 


* 


* 


* 


* 


* 










- 


14.S 


14.8 




384.8 


99.4 


484.2 


2 


11.0 


May- 




- 


9.6 


9.6 




399.1 


117.0 


516.1 


l.s 


5.8 


June 




— 


4.3 


4.3 




398.3 


121.7 


520.1 


3.3 


7.8 


July 




- 


3.8 


3.8 




418.3 


123.3 


541.6 


1.3 


S.2 


Aug. 




- 


24.1 


24.1 




434.5 


122.0 


556.5 


7.3 


9.0 


Sept . 




- 


31.3 


31.3 




431.3 


142.1 


573.4 


1.8 


10.8 


Oct. 




- 


63.5 


63.5 




434.3 


142.0 


576.3 


- 


9.1 


Nov. 




- 


46.8 


46.8 




439.6 


133.9 


573.5 


- 


9.2 


Dec. 




— 


39.5 


39.5 




440.3 


130.0 


570.2 


— 


9.3 


Jan.— 1941 




- 


43.9 


43.9 




440.9 


126.2 


567.1 


- 


9.7 


Feb. 




- 


64.1 


64.1 




132.1 


118.0 


550.1 


- 


13.3 


Mar. 




- 


108.2 


108.2 




390.7 


116.6 


507.3 


- 


18.3 


Apr. 




- 


182.9 


182.9 




304.9 


119.5 


484.4 


- 


10.8 


May 




- 


255.4 


255.4 




386.5 


130.4 


517.0 


1.1 


20.8 


June 




- 


.4 


.4 




511.6 


134.9 


646.5 


3.0 


13.7 


July 




- 


4.9 


4.9 




511.4 


139.7 


651.1 


2.1 


Hi. 4 


Aug. 




- 


85.1 


85.1 




515.0 


143.9 


658.9 


1.3 


16.0 


Sept. 




- 


12.3 


42.3 




495.0 


177.0 


672.0 


1.3 


18.5 


Oct. 




- 


71.5 


71.5 




446.2 


232.1 


678.3 


.1 


l.S.l 


Nov. 




- 


167.3 


167.3 




394.5 


219.4 


613.9 


- 


21.2 


Dec. 




- 


247.9 


247.9 




299.8 


204.0 


503.8 


— 


11.7 


Jan.— 1942 




- 


330.0 


330.0 




212.8 


205.5 


418.3 


- 


12.1 


Feb. 




- 


434.4 


434.4 




342.0 


210.0 


551.9 


.8 


23.5 


Mar. 




- 


235.0 


235.0 




398.1 


214.9 


613.3 


. < 


19.0 


Apr. 




- 


193.6 


193.6 




427.6 


222.0 


649.6 




22.5 


May 




- 


.4 


.4 




480.1 


315.3 


795.4 


- 


15.8 


June 




- 


19.3 


19.3 




503.9 


328.5 


832.4 


— 


10.6 


July 




- 


7.4 


7.4 




503.7 


340.7 


844.3 




15.4 


Aug. 




- 


.9 


.9 




615.7 


273.6 


889.3 


- 


21.6 


Sept. 




- 


.9 


.9 




701.2 


241.3 


942.6 


.1 


19.2 


Oct. 




- 


.5 


.5 




794.3 


199.2 


993.5 


2.(1 


32.2 


Nov. 




— 


.5 


.5 




790.S 


207.0 


997.9 


2.1 


17.6 


Dec. 

Wednesdays 




- 


.5 


.5 




794.2 


207.0 


1,001.8 


1.3 


24.9 


Jan. 6—1943 




- 


.4 


.4 




795.9 


209.8 


1,005.7 


.8 


13.0 


13 




- 


.3 


.3 




769.5 


219.8 


989.3 


- 


10.4 


20 




— 


.3 


.3 




772.3 


228. S 


1,001.1 




21.6 


27 



:change Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements and necessary working 



DEC. 1942 - JAN. 19431 

ii— chaIj 



Millions of Dollars 






















B '7a 




LIABILITIES 






Notes 


Deposits 


Cash 

in 

Canada"' 


Securities 




Demand 


Time 


Dom. 

and Prov. 


Canadian 
Deposits'" 


Foreign 


Total 
Deposits' 2 ' 


DOM. 


-PROW 


c1 




Urdet 2yrs. 


Over 2 yrs. 


Iind of 






















* 


1 939— Jan. 


90 


700 


1,667 


90 


2,501 


430 


2,954 


269 


404 


697 


■ 1 


Feb. 


94 


690 


1,691 


89 


2,514 


432 


2,974 


261 


4S1 


711 


:i 


Mar. 


97 


705 


1,700 


SO 


2,538 


452 


3,021 


253 


528 


671 


: l 


Apr. 


95 


716 


1,697 


97 


2,551 


408 


3,050 


255 


511 


692 


• l 


May 


90 


684 


1,678 


102 


2,567 


484 


3,080 


260 


444 


754 


: l 


June 


97 


702 


1 ,680 


159 


2,591 


504 


3,126 


249 


455 


758 


; l 


July 


93 


694 


1 ,697 


12S 


2,567 


474 


3,072 


261 


446 


701 


1 


Aug. 


93 


-.705 


1,702 


117 


2,565 


501 


3,100 


259 


443 


744 


:| 


Sept . 


100 


763 


1 ,692 


127 


2,600 


490 


3,144 


275 


446 


733 


:| 


Oct. 


95 


S22 


1.709 


300 


2,850 


492 


3,402 


300 


617 


736 


:| 


Nov. 


93 


866 


1 ,735 


208 


2,871 


487 


3,427 


290 


681 


682 


:| 


Dec. 


90 


853 


1,741 


ISO 


2,850 


474 


3,378 


288 


671 


682 


1 


1940 Jan. 


86 


848 


1 ,750 


L57 


2,807 


401 


3,328 


284 


690 


071 


Feb. 


90 


766 


1 ,659 


347 


2,807 


456 


3,327 


268 


047 


699 


l 


Mar. 


92 


750 


1,601 


313 


2,734 


467 


3,262 


260 


006 


704 


:l 


Apr. 


89 


833 


1,072 


238 


2.753 


407 


3,281 


275 


616 


691 


:l 


May 


94 


SI 7 


1 ,043 


325 


2,768 


441 


3,287 


295 


701 


029 


:| 


June 


97 


S21 


1 ,009 


276 


2,702 


437 


3,202 


267 


702 


011 


1 


July 


92 


852 


1,613 


210 


2.080 


422 


3,154 


272 


700 


610 


:| 


Aug. 


93 


877 


■ 1,634 


177 


2,679 


403 


3,146 


286 


701 


604 


1 


Sept. 


93 


1,004 


1,655 


141 


2,779 


403 


3,264 


313 


70S 


601 


:l 


Oct. 


92 


941 


1,599 


237 


2,774 


405 


3,252 


304 


710 


:>07 


' 


Nov. 


91 


962 


1 ,620 


109 


2,750 


399 


3,221 


307 


700 


579 


« 
4 


Dec. 


S4 


1,031 


1,041 


133 


2,805 


405 


3,277 


316 


691 


597 


t 


1941- Jan. 


M 


1,009 


1 ,668 


195 


2,870 


410 


3,347 


304 


700 


72s 


4 


Feb. 


82 


1 ,05 1 


1 ,687 


250 


2,983 


410 


3,458 


280 


771 


777 


t 

* 


Mar. 


83 


1 ,050 


1 .703 


219 


2,958 


411 


3,447 


289 


740 


7S7 


i 

4 


Apr. 


M 


1 . 1 28 


1 .708 


22S 


3,010 


42S 


3,555 


318 


785 


792 


t 

4 


May 


83 


1,10.") 


1 ,095 


24.-1 


3,033 


13 1 


3,541 


315 


707 


794 


1 

* 


June 


M 


984 


1,467 


021 


3,059 


449 


3,587 


282 


598 


842 


i 

* 


July 


83 


1 ,009 


1,489 


570 


3,049 


440 


3,572 


308 


830 


on.-, 


• 


</& S Aug. 


si 


1 ,026 


1 ,522 


is:; 


3,013 


451 


3,543 


294 


839 


Oil 


i 


Sept . 


82 


1,110 


1 ,555 


37 1 


3,028 


458 


3,558 


302 


832 


023 


i 
* 


Oct. 


82 


1,136 


1 ,592 


285 


3,002 


460 


3,535 


318 


724 


683 




Nov . 


79 


1,1 so 


1 ,639 


222 


3,043 


4.M 


3,555 


330 


7.M 


COS 


c 


Dec. 


73 


l,2l is 


1,669 


107 


3,108 


402 


3,634 


348 


7o:; 


723 




1942 fan. 


74 


1,217 


1,720 


159 


3.092 


449 


3,608 


288 


930 


74.") 


t 

4 


Feb. 


74 


1,271 


1 ,004 


2 10 


3,177 


456 


3,700 


317 


o.-.i 


7( iO 


t 

* 


Mar. 


74 


1.1-14 


1,550 


011 


3,302 


173 


3,843 


341 


72 1 


920 


i 

* 


Apr. 


74 


1 ,232 


1 ,537 


193 


3,251 


iso 


3,820 


ino 


707 


934 


* 


May 


71 


1,13.", 


1 ,556 


129 


3,106 


100 


3,682 


279 


70.", 


Ob") 


t 

* 


June 


71 


L.289 


1 ,598 


2:; I 


3,11 :> 


506 


3,694 


320 


7 so 


837 




July 


7.") 


1 ,352 


1 ,65 I 


100 


3.1 10 


506 


3,747 


362 


852 


830 


t 

- 


Aug. 


73 


1,123 


1,700 


ISO 


3,289 


515 


3,898 


32."! 


1 .009 


830 


Sept. 


71 


1 ,527 


1 .748 


211 


3,467 


.-> 1 s 


4,075 


359 


1 .273 


785 l 


Oct. 


70 


1 ,609 


1 .709 


286 


3.594 


528 


4,209 


107 


1.427 


070 


: 


Nov. 


65 


1 , 102 


1,629 


648 


3,673 


538 


4,295 


389 


1,278 


741 




Dvv. 


62 


1,109 


1 .073 


IS,", 


3. COS 


545 


4,287 


3S1 


1,202 


739 


• 


•6 

























(I) Estimated month-end deposits payable in Canadian currency. 



(2) Includes inter-bank deposits. 



t.Vl Notes of and Deposits with Bank 



DEC. 1942 - JAN. 1943 

BANKS 



Millions of Dollars 









ASSETS 










Loans 


Total 


ll 




CANADA 




ABROAD 




Call 


Current 

Public 


Current 
Other 


Call 


Current 


i idoc i 3 


4 


63 


792 


127 


56 


148 


3,396 





60 


787 


133 


54 


145 


3,421 


9 


56 


801 


142 


49 


144 


3,471 


9 


54 


814 


142 


44 


143 


3,496 


4 


55 


822 


142 


50 


141 


3,521 


5 


52 


822 


135 


42 


144 


3,575 





51 


814 


133 


43 


145 


3,520 


7 


49 


826 


130 


42 


141 


3,548 


2 


51 


891 


128 


52 


148 


3,605 


2 


53 


952 


131 


46 


148 


3,852 


5 


56 


973 


129 


45 


143 


3,872 


S 


53 


960 


128 


49 


147 


3,822 


4 


48 


956 


116 


48 


149 


3,769 


3 


57 


982 


122 


49 


146 


3,781 


9 


52 


984 


131 


51 


148 


3,715 




54 


934 


137 


57 


149 


3,732 




44 


938 


125 


40 


143 


3,746 




39 


936 


131 


40 


141 


3,666 




38 


925 


128 


39 


133 


3,617 




38 


940 


122 


38 


131 


3,610 




37 


983 


119 


51 


12S 


3,728 




41 


1,024 


113 


43 


126 


3,711 




41 


1,021 


106 


35 


128 


3,682 




40 


999 


109 


42 


131 


3,731 




36 


999 


94 


38 


131 


3,802 




34 


1 ,006 


97 


39 


133 


3,919 




35 


1,015 


99 


50 


132 


3,910 




31 


1,012 


97 


43 


135 


4,019 




29 


1 ,032 


100 


42 


134 


4,015 




33 


1,191 


101 


45 


136 


4,068 




34 


1,177 


101 


44 


135 


4,054 




35 


1,154 


101 


50 


133 


4,031 




36 


1,143 


94 


47 


132 


4,053 




37 


1,147 


86 


46 


132 


4,031 




36 


1,129 


90 


42 


128 


4,061 




32 


1,084 


86 


48 


136 


4,137 




31 


1 ,053 


75 


44 


138 


4,113 




30 


1 ,055 


80 


46 


140 


4,208 




34 


1,213 


87 


50 


141 


4,352 




32 


1,156 


96 


53 


142 


4,320 




29 


1,115 


100 


62 


139 


4,182 




28 


1,049 


88 


54 


134 


4,195 




26 


1,017 


79 


53 


127 


4,246 




24 


988 


75 


55 


115 


4,390 




27 


978 


72 


58 


116 


4,561 




25 


1,008 


70 


58 


113 


4,690 




29 


1,164 


72 


60 


110 


4,775 




31 


1,100 


68 


74 


113 
11 


4,767 



DAILY AVERAGE DATA 




Cash 


Canadian 


Ratio of 
Cash to 


Total 
Active 




in 
Canada 01 


Deposits 


Deposits 


Note 






in Canada 


Circulation 14 ' 












Average of 










Daily Figures 


269 


2,473 


10.9 


195 


Jan .-1939 


260 


2,466 


10.6 


197 


Feb. 


257 


2,485 


10.3 


201 


Mar. 


258 


2,520 


10.2 


204 


Apr. 


261 


2,531 


10.3 


202 


May- 


259 


2,537 


10.2 


202 


June 


259 


2,543 


10.2 


204 


July 


261 


2,532 


10.3 


207 


Aug. 


270 


2,558 


10.6 


233 


Sept. 


289 


2,710 


10.7 


251 


Oct. 


294 


2,823 


10.4 


249 


Nov. 


288 


2,811 


10.3 


253 


Dec. 


290 


2,780 


10.4 


232 


Jan .-1940 


273 


2,791 


9.8 


235 


Feb. 


267 


2,730 


9.8 


245 


Mar. 


271 


2,734 


9.9 


244 


Apr. 


282 


2,722 


10.4 


. 24X 


May 


282 


2,689 


10.5 


278 


June 


279 


2,668 


10.5 


301 


July 


285 


2,654 


10.7 


311 


Aug. 


304 


2,694 


11.3 


32S 


Sept. 


:! 1 3 


2,750 


11.4 


337 


Oct. 


306 


2,733 


11.2 


337 


Nov. 


311 


2,718 


11.4 


347 


Dec. 


318 


2,856 


11.1 


330 


Ian .-1941 


294 


2,930 


10.0 


312 


Feb. 


298 


2,927 


10.2 


355 


Mar. 


311 


2,963 


10.5 


362 


Apr. 


309 


3,007 


10.3 


365 


Max- 


318 


3,031 


10.5 


378 


June 


305 


3,015 


10.1 


386 


July 


308 


3,007 


10.2 


401 


Aug. 


308 


3,002 


10.3 


411 


Sept. 


316 


2,966 


10.6 


423 


Oct. 


340 


2,995 


11.4 


433 


Nov. 


336 


3,006 


11.2 


449 


Dec. 


317 


3,050 


10.4 


43S 


Jan .-1942 


314 


3,125 


10.0 


456 


Feb. 


337 


3,253 


10.4 


470 


Mar. 


331 


3,247 


10.2 


477 


Apr. 


307 


3,136 


9.8 


488 


May 


312 


3,058 


10.2 


496 


June 


361 


3,057 


11.8 


517 


July 


333 


3,190 


10.5 


543 


Aug. 


344 


3,306 


10.4 


568 


Sept. 


370 


3,495 


10.6 


595 


Oct. 


400 


3,696 


10.8 


603 


Nov. 


3S0 


3,538 


10.7 


619 


Dec. 



rtered Bank note circulation and Bank of Canada notes in public circulation. 



DEC. 1942 - JAN. 1943 



II— CHARTERED BANKS 

Department of Finance 
ANNUAL CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 









NUMBER 










AMOUNT 






As at 






Thousands 








Millions of Dollars 




October 31 
























1938 


1939 


1940 


1941 


1942 


1938 


1939 


1940 


1941 


1942 


Demand Deposits: 






















SI, 000 or less 


604.5 


614.0 


616.7 


618.7 


616.5 


88.1 


89.0 


96.5 


105.2 


118.5 


SI, 000 to $5,000 


50.1 


53.1 


57.8 


64.7 


77.2 


102.4 


109.2 


120.5 


136.3 


163.5 


$5,000 to $25,000 


12.0 


13.0 


14.4 


16.2 


20.0 


121.5 


132.4 


145.7 


164.2 


201.7 


$25,000 to $100,000 


2.7 


3.0 


3.2 


3.8 


4.5 


125.4 


142.0 


152.4 


178.0 


213.6 


Over $100,000 


.9 


.9 


1.1 


1.3 


1.7 


306.1 


341.2 


427.8 


550.2 


895.6 


Adjustment Items 


- 


- 


- 


- 


- 


+5.8 


+7.8 


-1.6 


+ 1.5 


+ 16.2 


Total Demand Deposits 


670.1 


684.1 


693.2 


704.8 


719.8 


749.4 


821.7 


941.3 


1,135.5 


1,609.1 


Notice Deposits 






















$1,000 or less 


3,797.5 


3,828.3 


3,846.1 


3,951.6 


4,055.0 


452.8 


454.9 


461.2 


496.3 


534.6 


$1,000 to $5,000 


284.2 


290.2 


268.8 


264.6 


280.6 


571.7 


588.2 


537.3 


522.3 


548.8 


$5,000 to $25,000 


38.1 


40.0 


34.7 


31.3 


31.2 


331.0 


348.9 


299.1 


272.5 


271.4 


$25,000 to $100,000 


2.5 


2.8 


2.4 


2.3 


2.2 


111.9 


123.3 


105.7 


99.6 


98.9 


Over $100,000 


.6 


.6 


.6 


.6 


.7 


185.2 


190.1 


190.7 


195.6 


247.8 


Adjustment Items 


- 


- 


- 


- 


- 


+3.2 


+3.7 


+5.4 


+5.4 


+ 7.2 


Total Notice Deposits 


4,123.0 


4,161.9 


4,152.6 


4,250.4 


4,369.7 


1,655.8 


1,709.2 


1,599.5 


1,591.7 


1,708.7 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 



Millions of Dollars 



As at October 31 



1938 



1939 



1940 



1941 



1942 



Provincial governments 

Municipal governments and school districts 

Agriculture: 

Farmers loans; cattle loans; fruit raisers 

Loans to grain dealers; grain exporters and seed merchants. 
Total Agriculture 



Financial : 

Call loans and other accommodation to brokers and dealers. 

Loans to specified institutions 

Loans to individuals against securities 

Total Financial 



Merchandising; wholesale and retail 

Manufacturers of and dealers in lumber; pulpwood and 

products thereof 

Other manufacturing of all descriptions 

Mi 



lining 



Fishing; including loans to packers and curers of fish 

Public utilities; including transportation companies 

Loans to building contractors and others for building purposes. . . 
Loans to churches; hospitals; charitable and religious institutions 
Other loans 



22.8 
114.5 

56.8 

91.7 
148.5 



(12.4 

66.9 

120.5 

249.8 

133.7 

75.2 
138.4 

8.9 
8.7 

24.9 
39.2 
19.4 
74.7 



18.5 
112.2 

57.0 
211.4 
268.4 



134.0 

56.9 

135.7 
(i.l 
7.0 
36.3 
15.8 
19.0 
83.3 



TOTAL Loans in Canada 1,058.6 1,143.5 



14.6 

99.6 

53.2 

235.9 
289.1 



51.7 39.9 

58.8 65.3 

109.4 102.2 

220.0 207.3 



139.1 

15.7 

L98.0 

5.7 

7.3 

22.5 

52.1 

17.5 

86.3 



8.9 
78.1 

47.9 
292.4 
340.3 



37.7 

68.3 

L08.1 

214.1 

155.6 

44.4 
2 15.0 
7.1 
1(1.7 
19.9 
50.4 
L6.fi 
8 1 .0 



4.5 

in;.:] 

46.fi 
293.0 

340.1 



26 S 

83. t 
147.8 

123.1 

-1 1 .6 
213.A 

V!> 
9.8. 

11.3 
49.4 
10.4 
76.8 



1,184.8 1,275.1 1,106.3 



DEC. 1942 -JAN. 1943 



III— SECURITY PRICES 

Bank of Canada 







Dominion of Canada Bonds Payable in Canada Only 










Middle of the market quotations 






Average of Business Days 


15th of Each Month 




l\i% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


100.41 


3.22 


99.01 


3.08 


3.09 


2.76 


1.91 


1.13 


1939 


99.97 


3.23 


98.14 


3. IS 


3.16 


2.90 


2.13 


1.54 


1940 


98.90 


3.31 


97.05 


3.25 


3.28 


2.95 


2.16 


1.48 


1941 


100.83 


3.18 


98.96 


3.09 


3.10 


2.92 


2.12 


1.40 


1942 


101.44 


3.12 


99.61 


3.04 


3.06 


3.03 


2.18 


1.48 


Monthly 

1942— Jan. 


101.68 


3.10 


99.59 


3.04 


3.05 


3.01 


2.18 


1.48 


Feb. 


101.28 


3.14 


99.53 


3.05 


3.06 


3.05 


2.18 


1.48 


Mar. 


.101.41 


3.13 


99.42 


3.05 


3.07 


3.05 


2.18 


1.48 


Apr. 


101.53 


3.12 


99.49 


3.05 


3.06 


3.05 


2.12 


1.48 


May 


101.52 


3.12 


99.62 


3.04 


3.07 


3.04 


2.14 


1.48 


June 


101.55 


3.11 


99.75 


3.02 


3.05 


3.02 


2.15 


1.49 


July 


101.50 


3.12 


99.79 


3.02 


3.05 


3.03 


2.16 


1.47 


Aug. 


101.50 


3.11 


99.74 


3.02 


3.05 


3.02 


2.17 


1.46 


Sept. 


101.35 


3.13 


99.63 


3.04 


3.06 


3.03 


2.21 


1.48 


Oct. 


101.20 


3.14 


99.62 


3.04 


3.07 


3.03 


2.22 


1.49 


Nov. 


101.17 


3.14 


99.55 


3.04 


3.08 


3.03 


2.21 


1.49 


Dec. 


101.59 


3.10 


99.64 


3.03 


3.06 


3.00 


2.22 


1.48 


1943— Jan. 


101.85 


3.08 


99.81 


3.02 


3.05 


2.94 


2.22 


1.52 



YIELDS OF DOMINION GOVERNMENT BONDS : 1940-43 

PAYABLE [N CANADA ONLY 
Quotations for 1st and 15th of each month 




1.5% 



20% 



2.5% 



3.0% 



JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASONO 



3.5% 



1940 

fl'lotted 1st and 15th of each month. 



1941 



1942 



1943 



DEC. 1942 - JAN. 1943 I 

IV— ESTIMATED CANADIAN BALANCE OF|| 

Dominions 



Millions of Canadian Dollars 



1940 



Exports 
or Credits 



Imports Net Credit 
or Debits Net Debit 



1941 



Exports 
or Credits 



Imports 
or Debits 



All Countries 
Current Account 

Merchandise Trade (Adjusted) (1) . . 
Xet Exports of Non-monetary Gold 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total Current Account. 

Special Gold Transactions 

Capital Receipts or Payments .... 
Balancing Item <8) 



Empire Countries 

Current Account 

United Kingdom 

Merchandise Trade (Adjusted) (I) 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total 

Other Empire Countries 

Merchandise Trade (Adjusted) (l> 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total 

Total Empire Countries 

Merchandise Trade (Adjusted) m 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items'' 1 

Total 

Total Current Account United Kingdom 

Other Empire . . 

Total Empire. . . 

Capital Receipts. . 

Sub-Total .... 

Special Gold Transactions 

Capital Payments 

Balancing Item "" 



1,202 
203 
101 

52 
138 

73 

1,769 

248 
283 



542 

5 

2 

60 

27 

636 



157 
1 
1 

10 
11 

186 



699 

6 

3 

76 

38 

822 

636 
186 

822 

116' 

938 



1,006 

43 
311 
132 
133 

1,625 

248 
475 



133 

2 

70 
32 
52 



289 



103 
1 
2 

4 



110 



236 
3 

72 
36 
52 

399 

289 
110 

399 



399 

248' 
334' 



196 

203 

58 

259 

6 

60 

144 

192 

48 



409 

3 

68 

28 

25 

347 



54 

1 
12 

1 1 

76 



463 

3 

69 

40 
14 

423 

347 
76 

423 

116' 
539 

248" 

334 lil 

43 



1,732 
204 
108 
60 
185 
166 

2,455 



566 



914 
2 
4 

110 
63 

1,093 



184 

1 

1 

9 

33 

228 



L.098 
3 
5 

119 
96 

1,321 

1,093 
228 

1,321 

181 
1,502 



1 ,264 

21 

296 

167 
229 

1,977 



1,063 



137 

2 

67 

28 

126 

360 



142 
1 
2 
8 

4 

157 



279 

3 

69 

36 

130 

517 

360 
157 

517 



517 



990' 



Millions of Canadian Dollars 



in-Empire Countries 
Current Account 

United States 

Merchandise Trade (Adjusted) (1) . . . 
Net Exports of Non-monetary Gold 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total 



Other Non-Empire Countries 
Merchandise Trade (Adjusted) (1) . 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total 



Total Non-Empire Countries 

Merchandise Trade (Adjusted) (l) . . . 
Net Exports of Non-monetary Gold. 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total Current Account 



Total Current Account - United States 



Other Non-Empire. 
Total Non-Empire. 



Capital Payments. . 
Sub-Total 



Special Gold Transactions. 



Capital Receipts. 
Balancing Item (8) 



Exports 
or ( redits 



424 
203 
95 
29 
49 
27 



827 



79 

20 
13 

S 

120 



503 
203 
95 
49 
62 
35 

947 

827 
120 

947 



947 



248 ( 
167 



1940 

Imports 
or Debits 



702 

40 

235 

78 

73 

1,128 



68 

4 
L8 

8 

98 



770 

40 

239 

96 

81 

1,226 

1,128 
98 

1,226 

141' 
1,367 



Net Credit 
Net Debit 



278 

203 

oo 

206 

29 

46 

301 



11 



16 



22 



267 

203 

55 

L90 

:;i 

Hi 
279 

301 
22 

279 

141 c 

420 

248' 
167 



Exports 
or Credits 



566 

204 

104 

39 

64 

65 

1,042 



68 
1 

16 
2 
5 



92 



634 

204 

105 

55 

66 

70 

1,134 

1,042 
92 

1,134 



1,134 



385 ; 



1941 

Imports 
or Debits 



910 

is 
223 
.131 

90 

1,372 



88 



985 

is 
227 

99 
1,460 

1,372 
88 

1,460 

73^ 

1,533 



Net Credit 
Net Debit 



344 

204 

86 

1S4 

67 

25 

330 



/ 

1 

12 

2 

4 



351 
204 

87 
172 

i .5 

29 

326 

330 
4 

326 

73 (<) 
399 



385 
14 



a) Entries under merchandise account are. where possible, restricted to goods for which payment has been made or received. This is in contrast to the 
procedure followed in the 1940 preliminary estimates (see Aug. -Sept. 1941 Statistical Summary) when goods not involving financial transfers were included 
with other merchandise and with an appropriate offset under "Other Current Items". In consequence in the revised 1940 estimates above, both 
merchandise and other current items are smaller than in the preliminary estimates. It should be emphasized that on their present basis the "Balance 
of Payments Estimates" are not designed to measure the total gross physical movement of goods and services, but only that part involving payments 
or receipts. 

b) The trade returns are still the principal source of data relating to merchandise trade in the balance of payments and the accuracy of the visible items is 
therefore dependent on the extent to which recorded movements are a measure of financial transfers, with a number of exceptions relating to corrections 
where it is known either that no transfers are involved or that they diverge widely from the recorded trade. One of these exceptions covering a substantial 
proportion of trade with the sterling area should be noted. In the case of munitions and war supplies for the sterling area settled through official 
channels, the direct use of payments data rather than the recorded movements results in inclusion of payments in advance of exports, etc., and adds 
considerably to the precision of the estimates. 

In addition to the normal peacetime items under this heading (such as motion pictures and other royalties, immigrant remittances, benevolent remittances. 

management, commercial and financial services, etc.) current government war expenditures and receipts are included in this group, e.g. the maintenance of 

Canadian forces overseas and receipts connected with the air training programme. These comprise a substantial part of this item, especially in the balance 

of payments with Empire countries. See also footnote (1) above regarding exclusion of certain items included in the preliminary estimates for 1940 which 

were published in 1941. 

For details of capital items in 1940 see footnotes to estimates in Aug.-Sept. 1941, Statistical Summary, page 77. 

Consisting largely of capital expenditures in Canada by the U. K. Government, but including as well, receipts on account of estates and trusts, investment 

in air training schools, hull losses and other insurance claims, etc. 

Consisting of privately financed payments, and declines in sterling area Canadian $ balances amounting to $73 mm.; official repatriation of Dominion and 

C.N.R. securities, prior to maturity, of $189 mm.; the balance of $728 mm. represents the accumulation of sterling balances by the F.E.C.B. 

The major part of the total consists of retirements of Canadian bonds and debentures, repayments of loans and mortgages and other contractual advances. 

The balance consists largely of insurance transactions. 

Of this total, $229 mm. was received from sales of securities, capital advances, mortgages, real estate, insurance transactions, direct investments, etc. The 

remaining $156 mm. was accounted for by a reduction in Canadian official reserves of gold and U. S. dollars. 

Reflects possible errors and the omission of certain factors which cannot be measured statistically such as changes in the timing of payments for goods and 

services, etc. 



DEC. 1942 - JAN. 1943 



V— BOND ISSUES AND RETIREMENTS* 

Par Values in Millions of Canadian Dollars* Bank °f Canada 





I-Dominion Direct & Guaranteed 
and Other C.N.R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 








Issues or 
Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 


















1936 


402.7 


316.6 


86.1 




80.4 


37.1 


17.0 


61.2 


39.4 


1937 


348.3 


337.4 


10.9 




100.2 


77.2 


96.4 


22.4 


58.5 


1938 


286.1 


215.9 


70.2 




88.1 


32.2 


33.0 


38.7 


48.6 


1939 


411.0 


233.3 


177.7 




113.2 


40.5 


33.5 


38.9 


81.2 


1940 


706.4 


428.6 


277.8 




79.5 


89.6 


81.4 


28.3 


59.4 


1941 


1,384.3 


585.9 


798.5 




28.8 


50.6 


66.0 


35.0 


21.6 


1942 


2,261.5 


528.2 


1,733.3 




3.4 


130.7 


132.7 


46.8 


45.3 


Last Half 




















1936 


100.0 


110.8 


10.8 




47.5 


31.8 


11.6 


18.3 


49.4 


1937 


114.3 


127.6 


13.3 




83.1 


38.6 


17.1 


11.9 


92.8 


1938 


96.3 


98.9 


2.6 




66.9 


19.6 


19.6 


15.0 


51.9 


1939 


206.5 


108.0 


98.5 




56.1 


8.6 


8.0 


20.7 


36.0 


1940 


342.8 


186.5 


156.3 




10.7 


55.3 


48.1 


16.5 


1.4 


1941 


239.9 


367.0 


127.1 




7.3 


29.9 


23.5 


15.8 


2.1 


1942 


1,028.6 


94.4 


934.2 




.5 


67.1 


110.2 


26.4 


68.9 


Last Quarter 




















1936 


- 


62.6 


62.6 




46.5 


31.6 


11.5 


6.1 


60.6 


1937 


100.0 


124.3 


24.3 




50.7 


11.9 


11.0 


5.0 


46.6 


1938 


44.0 


41.7 


2.3 




50.2 


18.0 


18.0 


4.1 


46.1 


1939 


200.0 


100.6 


99.4 




15.9 


8.6 


1.7 


7.7 


15.1 


1940 


332.6 


61.6 


271.0 




6.2 


IS.Ii 


31.5 


10.2 


13.1 


1941 


221.5 


358.8 


137.3 




4.7 


28.3 


9.6 


8.8 


14.7 


1942 


1,009.9 


72.7 


937.3 




.5 


29.2 


70.0 


14.8 


55.2 




































IV Dominion 






III-CORPORATIONS 




I+II + I1I 




Treasury bills and 
















Deposit Certificates 




New I 


5SUES 


Retirements 


Net New 


Net New 


Net New 


Total 
outstanding 










Issues or 
Retirements 




Issues or 
Retirements 




Issues or 
Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 
















Year End 


1936 


80.4 


175.2 


162.0 


50.4 


43.2 




168.7 




57.3 


150 


1937 


60.5 


70.6 


83.8 


59.0 


11.7 




57.6 




- 


150 


1938 


32.2 


30.9 


30.9 


45.8 


13.7 




105.2 




5.0 


1 55 


1939 


36.1 


201.4 


202.0 


66.2 


30.8 




228.2 




- 


155 


1940 


36.8 


18.3 


17.7 


92.2 


54.9 




282.3 




75.0 


230 


1941 


17.4 


3.8 


3.8 


73.4 


56.0 




720.9 




40.0 


270 


1942 


9.0 


32.3 


34.7 


59.3 


52.6 




1,635.4 




440.0 


710 


Last Half 






















1936 


12.4 


67.8 


102.6 


17.9 


40.3 




1.7 




30.0 


150 


1937 


11.4 


27.2 


30.3 


27.6 


19.4 




60.1 




15.0 


150 


1938 


13.9 


17.0 


30.0 


25.0 


24.1 




25.2 




5.0 


155 


1939 


20.8 


48.3 


92.4 


33.0 


56.2 




78.3 




- 


155 


1940 


4.8 


.2 


.2 


40.6 


35.7 




122.0 




- 


230 


1941 


9.0 


1.6 


1.9 


27.8 


19.1 




148.4 




40.0 


270 


1942 


7.1 


.4 


.4 


17.3 


10.3 




854.9 




440.0 


710 


Last Quarter 






















1936 


S.I 


55.1 


42.7 


11.9 


8.8 




6.8 




30.0 


150 


1937 


7.1 


2.3 


7.3 


9.1 


7.1 




15.1 




- 


150 


1938 


8.6 


1.8 


15.5 


13.1 


18.1 




30.3 




- 


155 


1939 


L5.3 


- 


- 


14.1 


1.1 




115.7 




- 


L55 


1940 


3.6 


,2 


.2 


30.4 


26.8 




257.3 




- 


■2-A0 


1941 


6.0 


1.2 


1.2 


19.8 


13.8 




136.4 




40.0 


270 


1942 


2.5 


- 


- 


9.7 


7.2 




874.9 




70.0 710 



* Issues payable in Foreign < tirrency are included at the pai of exchange up to Sept. 15, 1939, but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange ( ontrol Board. (1) Subject to revision. War Savings Certificates are included. Treasury Bills are excluded from 1. II & III. Fog 
particulars of Dominion Treasury Bills see Heading IV. Because of lack of sufficient data no cabulation of retirements by municipalities and religious institutions 
was possible. However, the net reduction of total municipal bonded debt less sinking funds lias been (in millions of dollars! approximate!) 
and 45, respectively in the years 1937 to 1942. For footnotes relating to more detailed matters see Statistical Summary for January, l»4J. page 10. 

Footnotes to table oh opposite Page, PUBLIC FINANCE : BONDS OUTSTANDING 
(1) Provincial Treasury Bills are excluded. (2) Figures for ih> gross amount of bonds outstanding are compiled from litest official sources adjusted t.> ,<i IV- 
cember, 1942, by subsequent known issues and redemptions; « hen full details regarding these become available mi not revisions may be m lading 

issues payable in Canada oi London, and one issue payable in London ot Paris. (4) Figures foi guaranteed issues arc approximate in some c.is, s foi which lull 
particulars are nol available. (5) 1 be $33.3 nun. of Si nool I and Debenture Stock issued b) the Dominion and held by Provinces is excluded 
Deposit Certificates, Wai Savings Certificates, Stamps and Non- 1 merest Bearing Certificates are included. ^6> C.N.R. issues guaranteed by the provinces, Ix-ing 
included undci the C.N.R. beading, are excluded from provincial headings. 



i DEC. 1942 - JAN. 1943 
























10 






SUMMARY 


OF CHANGES IN CURRENCY OF PAYMENT 1 










DOMINION AND PROVINCIAL DIRECT AND GUARANTEED 


, OTHER C.N.R. 








Par Values in 


Millions o 


_ „ * AND CORPORATION BONDS 

/ Canadian Dollars 












. 


New Issues were \ 


payable in: 




Retirements 


were payable in: 




Net Incr 

Net Dei 

In Bonds C 

ing Paj 


ease or 
zrease 
utstand- 


Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada. 
New York 
& London 


London 


Total 


'able: 


in Canada 
only 


Abroad 


Calendar Years 

1936 


653.0 


118.0 


3.0 


1.9 


775.9 


278.7 


156.3 


37.1 


115.2 


19.9 


607.2 


374.3 


205.5 


1937 


537.4 


93.8 


10.3 


15.4 


656.8 


354.8 


22.7 


131.2 


56.0 


34.5 


599.2 


182.6 


125.0 


1938 


377.7 


40.3 


.3 


51.2 


469.4 


195.2 


50.1 


28.0 


22.1 


68.8 


364.3 


182.5 


77.3 


1939 


670.0 


83.4 


48.5 


.2 


802.1 


248.1 


21.0 


117.0 


86.7 


101.2 


574.0 


422.0 


193.8 


1940 


925.1 


5.2 


.2 


.1 


930.6 


437.8 


7.2 


18.1 


11.2 


174.1 


648.3 


487.3 


205.0 


1941 


1,473.1 


11.8 


- 


- 


1,484.9 


525.1 


29.5 


16.0 


21.4 


172.0 


764.0 


948.0 


227.1 


1942 


2,411.5 


24.9 


.6 


- 


2,437.0 


396.2 


8.3 


44.3 


93.9 


259.0 


801.6 


2,015.3 


379.9 


Last Half 

1936 


259.2 





_ 


.3 


259.5 


111.1 


65.4 


12.0 


60.8 


11.9 


261.2 


148.1 


149.8 


1937 


256.0 


- 


9.8 


9.0 


274.7 


163.3 


11.0 


14.4 


9.4 


16.4 


214.6 


92.6 


32.6 


1938 


124.8 


40.0 


.2 


48.8 


213.7 


49.9 


43.1 


20.0 


18.1 


57.3 


188.5 


74.8 


49.6 


1939 


296.8 


3.4 


40.1 


- 


340.4 


98.6 


11.7 


35.7 


39.6 


76.3 


262.1 


198.2 


119.9 


1940 


413.4 


2 


.2 


.1 


413.9 


162.4 


2.9 


6.9 


6.2 


113.4 


292.0 


251.0 


129.0 


1941 


287.0 


.7 


- 


- 


287.7 


284.1 


3.0 


8.0 


12.2 


128.8 


436.1 


2.9 


151.2 


1942 


1,095.1 


8.0 


.6 


- 


1,103.7 


148.8 


2.9 


34.8 


19.4 


42.9 


248.8 


946.3 


91.4 


Last Quarter 

1936 


141.4 








.1 


141.6 


78.9 


3.5 


6.2 


43.2 


2.9 


134.8 


62.5 


55.8 


1937 


100.6 


- 


6.5 


4.9 


172.0 


144.8 


1.8 


3.3 


3.0 


3.9 


156.9 


15.8 


.6 


1938 


82.6 


40.0 


- 


.1 


122.7 


29.0 


41.3 


2.9 


17.1 


2.0 


92.4 


53.5 


23.2 


1939 


239.6 


- 


.1 


- 


239.7 


44.4 


1.5 


2.6 


2.3 


73.2 


124.0 


195.3 


79.6 


1940 


391.2 


- 


- 


- 


391.3 


61.2 


1.5 


4.0 


2.7 


64.6 


133.9 


330.1 


72.7 


1941 


261.7 


- 


- 


- 


261.7 


259.7 


1.8 


3.5 


10.2 


122.9 


398.1 


2.0 


138.5 


1942 


1,039.6 


2.5 


- 


- 


1,042.1 


111.9 


1.8 


25.4 


17.8 


10.3 


167.3 


927.7 


52.9 



For footnotes sec opposite page. 

VI PUBLIC FINANCE : BONDS OUTSTANDING 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED AND OTHER C.N.R. BONDS' 
GROSS AMOUNT OUTSTANDING AS AT 31st DECEMBER, 1941 2 

Millions of Dollars, with £ converted at $4.86% Ba " k ^ Canada 





Payable in: 


Canada 

only 


New York 
only 


Canada or 
New York 


Canada. 
New York 
or London 


i 

London 


Total 


Dominion — Direct 


6,978.1 

1.1 

306.1 

19.4 

10.6 

58.6 

1.9 

61.4 

.6 

299.3 

6.0 

349.9 

95.0 

27.6 

3.3 

64.8 

.3 

29.8 

46.3 
3.2 


459.0 

23.8 

7.3 

15.0 

13.0 

1.0 


.7 
64.1 

6.1 

40.6 
36.8 

66.0 

29.1 

6.2 

35.1 

.4 

45.9 

.1 

59.0 

6.6 

58.8 
.3 


28.6 

330.1 

1.4 

18.9 

15.0 

1.8 

218.2 

8.0 

3.5 

4.7 

19.9 

4.0 
.9 


12.8 

17.7 
S.O 
9.4 

1.8 
7.0 

10.5 

4.9 

19.3 

10.9 
19.2 

7.3 

2.4 


7,450.0 s 

30.4 

741.9 

9.3 

61.1 

10.6 

100.9 

1.9 

105.3 

.6 

390.8 

7.8 

617.1 

122.3 

86.5 

3.7 

126.3 

.5 

127.9 

6.6 
116.4 

6.8 


—Gtd. other than C.N.R. 

C.N.R. —Gtd. by Dom 

— Gtd. by Provs 

— Unguaranteed 

Prince Edward Island 

Nova Scotia — Direct 

—Gtd 

New Brunswick — Direct 

—Gtd. 6 

Quebec —Direct 

—Gtd 

Ontario — Direct 

—Gtd 

Manitoba — Direct 

—Gtd 

Saskatchewan — Direct 

—Gtd 

Alberta —Direct 

—Gtd. 6 

British Columbia— Direct 

—Gtd. 6 


Total 


8,363.4 


519.1 


455.8 


655.1 


131.2 


10,124.6 


For footnotes see opposite page. 















Cont 


ra Sinking Fund 


Investments: 4 


book 


value as i 


t latest 


available d. 


ite- 


1 

) 7 


Dec. 


31, 1941 


2.0 


Dec. 


31, 1941 


9.6 


Nov. 


30, 1941 


13.2 


Oct. 


31, 1942 


.1 


Oct. 


31, 1941 


45.1 


Nov. 


30, 1942 


14.2 


Mar. 


31, 1942 


.9 


various 


16.1 


Apr. 


30, 1942 


22.0 


Nov. 


30, 1942 


.3 


Apr. 


30, 1941 


14.9 


Sept. 


30, 1942 


2.1 


Sept. 


30, 1942 


19.9 


Mar. 


31, 1942 


1.4 


various 







11 



DEC. 1942 - JAN. 1943 



VII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations' 2 ' 


Index 

(3) 

Unadjusted 




Thousands 

Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


June 1, 
1941 = 100 


Annual Totals!*) 




















1926 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


- 


65.1 


- 


1929 


1,928 


1,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


- 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


— 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 


- 


19-10 


5,311 


2,256 


3,419 


22,522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,328 


2,701 


3,426 


27,701 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,859* 


3,121 


3,177 


32,417 


281.6 


3,387 


149.5 


112.7* 


126.4* 


1941— Aug. 


467.2 


227.1 


293.1 


2,288 


36.1 


278.7 


146.1 


105.0 


106.9 


Sept. 


445.1 


224.6 


298.3 


2,412 


39.4 


294.2 


136.6 


106.4 


109.8 


Oct. 


461.2 


249.6 


318.8 


2,610 


29.1 


312.5 


136.5 


108.4 


113.3 


Nov. 


442.8 


247.9 


300.3 


2,576 


22.9 


285.8 


137.6 


109.6 


117.3 


Dec. 


419.1 


244.8 


300.8 


2,669 


19.1 


261.0 


145.8 


110.4 


119.5 


1942— Aug. 


402.9 


248.9 


253.2 


2,692 


31.8 


282.2 


154.5 


116.3 


131.8 


Sept. 


377.5 


244.9 


257.6 


2,667 


29.7 


289.9 


152.7 


117.3 


135.5 


Oct. 


381 .8 


271.1 


271.6 


2,828 


21.4 


323.1 


152.9 


118.6 


138.0 


Nov. 


362.7 


270.8 


251.1 


2,826 


22.1 


290.6 


168.5 


119.9 


140.S 


Dec. 




269.8 


244.2 


2,930 


9.6 


272.9 


146.4 







(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power, 
of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Nov., 1942. 



(3) First of Month. (4) Average of months in case 



CANADA 

Dominion Bureau of Statistics 



VIII— WHOLESALE PRICES 

Index 1926 = 100 

U.K. 

Board of Trade'" 



U.S.A. 

Bureau of Labor Statistics 





Harm 


Raw 




Manu- 






Products 


Materials 


hoods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


is. 4 


55.0 


61.5 


69.8 


66.7 


1937 


S7.1 


84.3 


SI. 2 


80.5 


84.6 


193S 


73.6 


72.7 


77.1 


78.2 


78.6 


1 939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


ss.s 


90.0 


1942 


81.8 


90.3 


98.3 


92.0 


95.7 


Monthly 












1941-Dec. 


74.6 


85.5 


95.0 


92.4 


93.6 


1942-Jan. 


77.3 


87.2 


95.8 


92.0 


94.3 


Feb. 


78.4 


S7.S 


95.6 


91.7 


94.6 


Mar. 


78.8 


88.4 


96.7 


92.1 


95.1 


Apr. 


79.5 


88.6 


96.2 


91.9 


95.0 


May 


80.2 


89. 4 


96.5 


91.6 


95.2 


June 


81.5 


90.5 


9S.6 


91.5 


95.8 


July 


81.1 


90.4 


100.2 


91.9 


96.0 


Aug. 


81.3 


S9.7 


97.2 


91.8 


95.5 


Sept . 


si.:; 


91.4 


98.5 


92.0 


96.0 


Oct. 


85.7 


93.1 


100.7 


92.2 


96.8 


Nov. 


86.3 


93.5 


101. S 


92.4 


97.1 


Dec. 


S7.0 


93.5 


101. 


92.6 


97.2 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.2 


128.2* 


128.4* 


123.1 


125.8 


124.0 


126.2 


L28.3 


127.9 


129.2 


128.2 


130.7 


128.8 


L33.0 


129.7 


131.2 


129.0 


129.S 


129.3 


12(1.7 


128.3 


L26.1 


128.4 


127.4 


129.2 


129.3 


129.9 



Farm 


Raw 








Products 


Materials 


Foods 

100.0 


factures 

a) 


Total 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


9 1.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


SO. 4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.7 


99.0 


98.6 


988 


94.7 


92.3 


90.5 


94.6 


93.6 


100.8 


90.1 


93.7 


90.4 


96.0 


101.3 


97.0 


94.6 


97.0 


96.7 


102.S 


98.2 


90.1 


97. s 


97.6 


104.5 


100.0 


98.7 


98.7 


98.7 


104.4 


99.7 


98.9 


99.0 


98.8 


104.4 


99.8 


99.3 


98.6 


98.6 


105.:; 


100.1 


99.2 


98.6 


98.7 


10(1.1 


101.2 


ioo. 8 


9s. 9 


99.2 


107.S 


102.2 


102.1 


99.2 


99.6 


109.0 


103.0 


L03.4 


99.4 


100.0 


110.5 


103.9 


103.5 


99.4 


100.3 


113.8 


100.7 


loi.:: 


99.0 


101.0 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930> 
Prices of Finished Products. * 12-Months ending Nov., 1942. 



■ 100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 






DEC. 1942 - JAN. 1943 



12 



Unadjusted Index 1026 = 100 



IX— EMPLOYMENT AND PAYROLLS BY INDUSTRIES" 

Dominion Bureau of Statistics 
EMPLOYMENT INDEXES 





MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 






Foods 


Forest 

Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 

Manufac- 
turing 


all 
Industries 


Average of Months' 11 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


Aver. 12-Mths. Ending 
























Nov. 1942 


159.9 


139.9 


1 66.5 


225.3 


383.2 


230.9 


173.1 


105.1 


129.7 


156.3 


172.2 


First of Month 
























1941— June 


149.0 


131.6 


159.4 


178.3 


241.4 


184.1 


177.2 


99.2 


139.5 


156.8 


152.9 


July 


158.4 


133.0 


160.1 


178.4 


256.0 


ISO. 2 


176.8 


103.7 


149.9 


158.5 


157.4 


Aug. 


166.9 


131.1 


160.7 


1X1.9 


266.3 


194.2 


178.1 


105.0 


160.7 


156.8 


160.6 


Sept. 


179.9 


132.7 


163.8 


185.6 


274.5 


199.5 


181.6 


105.9 


153.9 


157.5 


162.7 


Oct. 


1SS.5 


138.6 


166.5 


187.1 


286.4 


203.9 


182.3 


104.2 


155.4 


160.9 


165.8 


Nov. 


177.5 


146.9 


166.4 


196.4 


303.0 


206.8 


185.0 


102.8 


147.7 


163.4 


167.6 


1942- June 


151.9 


135.7 


168.9 


22S.3 


398.9 


231.2 


173.1 


106.4 


123.3 


153.7 


171.7 


July 


159.0 


13S.2 


166.3 


231.6 


415.2 


233.2 


174.1 


108.1 


137.7 


152.S 


175.7 


Aug. 


166.3 


L32.8 


165.8 


234.2 


431.S 


233.8 


172.3 


110.4 


146.8 


152.5 


177.8 


Sept. 


173.3 


133.3 


166.9 


238.7 


417.6 


246.7 


166.8 


110.0 


146.5 


152.3 


179.3 


Oct. 


186.0 


130.8 


166.7 


242.5 


418.6 


253.6 


164.3 


111.7 


149.6 


153.5 


181.3 


Nov. 


167.4 


136.1 


165.9 


245.7 


435.9 


256.5 


163.0 


110.6 


154.9 


156.5 


183.3 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1942 





NUMBER OF EMPLOYEES : FIRST OF MONTH 




May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Manufacturing 


1 ,054 

47 

81 

28 

131 

137 

39 

158 

63 


1,072 

50 

81 

28 

134 

155 

40 

158 

63 


1,091 

50 

81 

28 

136 

174 

41 

157 

63 


1,106 

42 

81 

29 

139 

185 

42 

157 

63 


1,123 

44 

78 

29 

139 

185 

42 

156 

64 


1,137 

45 

77 

28 

141 

189 

41 

15S 

64 


1,139 


Logging 


56 


Mining 


76 


Communications 


28 


Transportation 


139 


Construction & Maintenance 
Services 


195 

41 


Trade 


161 


Finance 


64 






Total (as above) 


1,738 


1,782 


1 ,822 


1,844 


1 ,860 


1 ,880 


1,900 



Thousands of Dollars 



PAYROLLS : REPORTING FIRMS*: 1942 







AGGREGATE WEEKLY EARNINGS 


: FIRST OF 


MONTH 






May 


June 


July 


Aug. 


Sept. 


Oct. 


Nov. 


Manufacturing 


30,752 
1 ,002 
2,824 

768 
4,523 
3,536 

679 
3,804 
1 ,908 


30,873 
1 ,035 
2,787 

777 
4,646 
3,926 

691 
3,791 
1,914 


31,830 
1 ,087 
2,741 

785 
4,755 
4,505 

711 
3,811 
1 ,903 


32,098 

969 

2,782 

786 

4,784 

4,948 

729 

3,797 

1,918 


33,333 
1 ,008 
2,757 

806 
4,830 
5,098 

731 
3,799 
1,912 


34,270 

983 

2,726 

819 

4,831 

5,307 

739 

3,874 

1 ,973 


34,913 


Logging 


1,204 


Mining 


2,706 


Communications 


801 


Transportation 


4,812 


Construction & Maintenance 
Services 


5,571 
741 


Trade 


3,941 


Finance 


1,972 






Total (as above) 


49,795 


50,441 


52,127 


52,810 


54,273 


55,522 


55,062 



* As reported by establishments with not less than IS employees, 
and Logging. 



( 1) Average Jan. 1 - De 



<2i Lumber and Products, Pulp and Paper Products 



13 



DEC. 1942 -JAN. 1943 



Millions of Kilowatt Hours 



X— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics and Bank of Canada 



" 





Output of Central Electric Stations 








Firm 
Power 
Consump- 
tion 


Daily Averages 


Generated 
by 


Generated 
by 


Total 


Exports 


Secondary 
Power 


Losses 

(Estimated) 




Water 


Fuel 










(Estimated) 


1926 


32.2 


.5 


32.7 


4.1 


2.9 


4.3 


21.4 


1929 


47.4 


.9 


48.3 


4.0 


6.3 


6.7 


31.3 


1932 


42.5 


.8 


43.4 


1.8 


7.9 


6.2 


27.5 


1936 


68.2 


1.2 


69.4 


4.3 


19.9 


9.8 


35.4 


1937 


74.2 


1.4 


75.6 


5.1 


21.4 


10.6 


38.5 


1938 


70.0 


1.2 


71.3 


5.0 


16.8 


9.9 


39.6 


1939 


76.3 


1.3 


77.7 


5.2 


19.3 


10.9 


42.3 


1940 


80.7 


1.5 


82.2 


5.8 


14.8 


11.5 


50.1 


1941 


89.8 


1.8 


91.6 


6.5 


9.3 


12.8 


63.0 


1942 


99.6 


2.0 


101.7 


6.7 


6.1 


14.2 


74.6 


1941— Jul v 


84.2 


1.6 


85.8 


6.4 


7.4 


11.9 


60.2 


Aug. 


83.5 


1.6 


85.2 


6.1 


5.3 


11.9 


61.9 


Sept. 


93.9 


1.7 


95.6 


6.1 


9.0 


13.4 


67.0 


Oct. 


99.4 


1.9 


101.3 


6.3 


10.8 


14.2 


70.0 


Nov. 


103.9 


2.2 


106.1 


6.7 


13.6 


14.9 


71.0 


Dec. 


101.5 


2.4 


103.9 


6.9 


10.9 


14.5 


71.6 


1942— July 


93.9 


1.8 


95.7 


6.3 


4.6 


13.4 


71.4 


Aug. 


94.6 


1.9 


96.4 


6.3 


3.3 


13.5 


73.3 


Sept. 


96.3 


1.9 


98.2 


6.2 


3.2 


13.8 


75.1 


Oct. 


100.1 


2.0 


102.1 


6.7 


4.2 


14.3 


76.9 


Nov. 


103.8 


2.2 


106.0 


6.9 


4.9 


14.9 


79.3 


Dec. 


102.7 


2.1 


104.8 


6.8 


3.5 


14.7 


79.8 



CENTRAL ELECTRIC STATIONS: INSTALLED CAPACITY AND OUTPUT: 1930-44 



MILLIONS OF HORSE POWER 

10 00 



8 75 



BILLIONS OF KILOWATT HOURS 

40 



7 50 



625 



500 



3 75 




1942 



1944 



1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 194 

* The chart is scaled on the assumption that the potential output of one horse power of Installed Capacity is -4. (XX) kilowatt hours. This was the 
approximate effective rate before the war but has since hem appreciably raised l>\ measures to increase utilization of available capacity, e.g. by 
connecting formerly independent power distribution systems, by daylight-saving, stammering noun of work, and other measures designed to spread 
the incidence of peak loads. ** Running 12-month totals. 1938-42. it Estimate. 



FX. 1942 - JAN. 1943 



14 



XI— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce statistics unless otherwise stated 



TOTAL RESERVE BALANCE 




ALL MEMBER BANKS 




J\ 



J$; 



EQUIRED RESERVESci 



. '■W/s/?M sVWMj &//¥//AV/.-\ ■.. .'.viiii-j 



16 200 



1938 1939 1940 )94l 



1942 1943 





160 140 



WHOLESALE PRICES & COST OF LIVING 




-140 



130 



120 



COST OF LIVING 



110 



100 



90 



1936 1939 



1938 1939 1940 1941 1943 



I To 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 
Bank of Canada: 

Assets and Liabilities 



Chillis 



II 



III 

IV 

V 

VI 
VII 

VIII 

IX 
X 



Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 
Canadian Deposits ....... 

Canadian Deposits, Loans and Dom.-Prov. Securities 

Security Pricks: 

Govt. Securities, Payable in Canada only ..... 

Yields of Doni. Govt. Bonds, Payable in Canada only. 
Govt. Securities, Canada, U. K. and U. S. A 

Yields of Dom. Govt. Bonds: Canada, U.K. and U.S.A. 

Public Finance: Dominion Government 

Cash Requirements 

Sources of Financing ..... 



Business Activity 

Cash Income from the Sale of Far 

Cash Income from the Sale of Farm Product 

Wholesale Prices 

Wholesale Prices 

Retail Merchandise Sales .... 
Value of Retail Sales Index 

Steam Railways: Revenue Freight Loaded 

Revenue Freight Loaded . 

Newsprint: North America ... 

Newsprint: North America . 



Products 



1'ages 

5 - 1(1 



7 - IN 

15 
16 

17 

IN 



19 
19 
20 
20 

21 
22 

23 

24 



26 
26 



2< 
27 



2.S 
28 



TABLES AND CHARTS MAY BE REPRODUCED OK REFERRED TO PROVIDED THAT THE HANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Hank of Canada, Ottawa. 



FEB. - MAR. 1945 

















FEB. - MAR. 1'H 


Millions of Dollars 
















I- J 










LIABILITIES 






"r— 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


w 

Li; 1! 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 


















Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


! l 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


(14. 


9.4 


:E 


1937- 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


i 


1938- 


56.0 


199.6 


255.6 


22. S 


2.1 


105.9 


12.5 


:s 


1939- 


60.9 


209.2 


270.1 


32.1 


9.5 


122.9 


11.1 


'p 


1940- 


77.9 


213.7 


291.6 


43.7 


10.3 


194.3 


14.4 


U 


1941- 


100.6 


217.2 


317.8 


54.9 


7.2 


301.2 


17.0 


<5 


1942- 


120.1 


226.5 


346.6 


64.7 


16.8 


444.7 


22.1 


I ft, 


1941 Nov. 


113.4 


235.5 


348.9 


44.2 


10.0 


345.6 


19.4 


;s 


Dec. 


111.4 


227.1 


338.5 


61.9 


7.6 


372.2 


22.3 


{2 


1942— Jan. 


124.4 


195.0 


319.4 


59.9 


8.6 


357.9 


17.N 


", |, 


Feb. 


109.6 


210.5 


320.1 


31.0 


15.8 


376.1 


17.5 


i 


1942— Nov. 


137.2 


271.3 


408.5 


41.3 


25.6 


528.3 


25.0 


1,U 


Dec. 


128.4 


253.3 


381.7 


32.9 


20.4 


553.2 


29.8 


1,(11 


1943— Jan. 


144.5 


235.6 


380.1 


38.3 


37.8 


538.4 


25.0 


1,(1. 


Feb. 


125.6 


255.0 


380.6 


35.5 


24.1 


558.1 


21.0 


l,OJ 


Wednesdays 


















Mar. 3 


121.5 (2> 


264.7 


386.2 12 ' 


31.4 


15.8 


576.1' 2 ' 


IS. 7 


l,Cl 


10 


127.2 (2) 


246.5 


373.7 (2) 


12.7 


27.7 


575.6° 


19.7 


i,cl 


17 


129.6 C2 > 


247.1 


376.7 <2> 


17.2 


20.2 


578.3 81 


19.1 


i,c 


24 


137.3 (2) 


251.3 


388.6 (2) 


30.2 


29.0 


573.5 01 


17.4 


l.C 


31 


122.0 (2) 


261.0 


383.0' 2 ' 


21.2 


24.7 


597. 1°' 


19.4 


i.c 



(1) Includes "Other Securities". (2) Estimates. *May. 1940 and subsequent figures give effect to the enactment, under the Wai Measures Act. of the Foreifl 
and necessary working balances, were sold to the Foreign Exchange Control Board, and the Hank's minimum gold reserve requirement was icmpnrarily dSi 



CHARTERED BANK CANADIAN DEPOSITS L ACTIVE NOTE CIRCULATION 1939-4-3 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



3600 



3200 



2800 



2400 




4000 



3600 



3200 



2800 



2400 



djf mamjjasondjcmamjjasondjfmamjjasondjf mamjjasondj fmamjja sond 

1939 1940 1941 1942 |943 

Chartered Hank note circulation and Bank "f t anada notes in public circulation. 



i_j 



J 



B. - MAR. 1943 
lNADA 



16 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 






Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 

Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total" 
























Average of 
Wednesday Kigures 




1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9 Alths. 




1.8 


11.4 


192.9 


61 .69 


37.0 


86.3 


123.2 


1.7 


4.2 


1930-12 Alths. 




2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


L937 




.9 


28.7 


210.6 


54.50 


122.5 


53.0 


181.2 


.9 


6.3 


1938 




- 


43.2 


252.7 


58.15 


139.4 


46.3 


185.7 


.1 


7.2 


1939- 






* 


* 


* 


* 


* 


* 










- 


36.7 


111.9 




323.9 


109.0 


433.0 


1.3 


8.0 


1940- 




- 


8S.S 


88.8 




444.1 


149.0 


593.1 


. i 


15.5 


1941- • " 




- 


122.6 


122.6 




505.9 


24(3.8 


752.7 


.5 


18.9 


1942-. 




— 


71.5 


71.5 




446.2 


232.1 


678.3 


.1 


1N.1 


Nov. -1941 




- 


167.3 


167.3 




394.5 


219.4 


613.9 


- 


21.2 


Dec. 




- 


247.9 


247.9 




299. S 


204.0 


503.8 


- 


11.7 


Jan.— 1942 




- 


330.0 


330.0 




212.8 


205.5 


418.3 


- 


12.1 


Feb. 




— 


.5 


.5 




794.3 


199.2 


993.5 


2.0 


32.2 


Nov.— 1942 




- 


.5 


.5 




790. S 


207.0 


997.9 


2.1 


17.0 


Dec. 




- 


.4 


.4 




783.0 


216.5 


999.5 


.5 


19.1 


Jan.— 1943 




— 


.3 


.3 




759.2 


243.2 


1,002.4 


— 


10.5 


Feb. 

Wednesdays 




- 


.3 


.3 




75 1 . 1 


257.2 


1,008.3 


- 


19.0 


Mar. 3 




- 


.3 


.3 




72S.0 


263.6 


991.6 


- 


17.4 


10 




- 


.3 


.3 




728.8 


2(59.2 


998.0 


- 


13.3 


17 




- 


.3 


.3 




754.3 


271.9 


1,026.2 


- 


12.1 


24 




— 


.3 


.3 




752.5 


276.4 


1,028.9 


— 


16.2 


31 



Order and the Exchange Fund Order. Under these orders the Bank's «<>I<1 and foreign exchange holdings, over and above it- short-terra requirements 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS : 1939-43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



3800 



3400 



S3000 



2600 



2200 



340 




3005 



DJFMAMJJASONDJFMAMJJASONDJFMAMJJ 
1936 1940 1941 

* See note (3) on page 1 7. 



ASONDJFMAMJJASONDJFMAMJJASOND 
1942 ,943 



17 





















FEB. • 


MAR. 1|T 




















II— Cl\f 


Millions of Dollars 


















I 




LIABILITIES 








Deposits 




Securities 




Notes 
169 


Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total 
Deposits' 2 ' 


in 
Canada' 31 


DOM .-PROV. 

fit 




Under 2yrs. Over 2 yrs. 11 


Average of 
Month-end Figures 

1926 


553 


1,341 


53 


1 ,958 


330 


2,333 


197 


344 


1929 


178 


696 


1 ,480 


102 


2,293 


41S 


2,837 


212 


342 


1932 


132 


486 


1,376 


82 


1 ,955 


312 


2,322 


186 


490 


1935 


126 


569 


1 ,445 


(55 


2,104 


34S 


2,476 


216 


407 


454 


1936 


119 


618 


1,5 IS 


77 


2,245 


401 


2,668 


225 


447 


62S 


1937 


110 


691 


1 ,574 


90 


2,382 


421 


2,840 


240 


445 


674 j 


1938 


100 


690 


1 ,630 


94 


2,449 


408 


2,892 


252 


447 


696 


1939 


94 


742 


1 ,699 


146 


2,630 


474 


3,144 


268 


5 Hi 


718 13 


1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


30S 


761 


722 \i 


1942 


72 


1,341 


1 ,645 


347 


3,319 


501 


3,905 


340 


997 


810 H 


End of 

1941— Oct. 


82 


1,136 


1 ,592 


285 


3,002 


460 


3,535 


3 IS 


724 


683 • 


Nov. 


79 


1,180 


1 ,639 


222 


3,043 


454 


3,555 


336 


751 


698 


Dec. 


73 


1,268 


1 ,669 


167 


3,108 


462 


3,634 


348 


793 


723 


1942— Jan. 


74 


1,217 


1,720 


159 


3,092 


449 


3,608 


288 


930 


745 


Feb. 


74 


1,271 


1 ,664 


246 


3,177 


456 


3,700 


317 


954 


769 


1942— Oct. 


70 


1 ,609 


1,709 


286 


3,594 


52S 


4,209 


407 


1,427 


670 


Nov. 


65 


1,402 


• 1,629 


(US 


3,673 


538 


4,295 


389 


1,278 


741 


Dec. 


62 


1,499 


1 ,673 


485 


3,608 


545 


4,287 


381 


1.262 


739 


1943— Jan. 


60 


1,431 


1,723 


340 


3,435 


')')') 


4,126 


341 


1.263 


743 


Feb. 


58 


1,512 
• 


1,795 


226 


3,466 


550 


4,161 


350 


1.301 
i fes'7 


779 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Cold Reserve Deposits; after that date: Bank of Canada Notes 



CHARTERED BANKS : CANADIAN DEPOSITS : 1939-43 



MILLIONS OF DOLLARS 

2000 



MILLIONS OF" DOLLARS 

200( 




DJFMAMJJASONDJFMAMJJASONDJFMAfvlJJASOND FMAMJJASONDJFMAMJJASOND 
1939 1940 1941 1942 1943 

Chiefly Dominion and Provincial Government .mJ Foreign Banks. 



T;H.-MAK. 1943 

I BANKS 



. 



18 



Millions of Dollars 



ASSETS 




Loans 


Total 
Assets 


; 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 
Other 


Call 


Current 




140 


934 


87 


250 


261 


2,864 


i 


267 


1 ,343 


112 


301 


24S 


3,528 




117 


1 ,032 


165 


84 


172 


2,869 




82 


829 


134 


72 


146 


2,957 




93 


099 


121 


64 


150 


3,145 




107 


732 


117 


68 


1 65 


3,317 


• 


67 


7S0 


129 


51 


158 


3,349 




55 


855 


1 33 


48 


145 


3,592 




44 


909 


122 


44 


138 


3,707 




34 


1,091 


95 


44 


133 


4,008 




29 


1 ,075 


so 


56 


127 


4,400 




37 


1,147 


86 


46 


132 


4,031 




30 


1,129 


90 


42 


128 


4,061 




32 


1 ,0X4 


86 


48 


130 


4,137 




31 


1 ,053 


7.") 


44 


138 


4,113 




30 


1 ,05.-) 


80 


40 


140 


4,208 




25 


1 ,008 


70 


58 


113 


4,690 




29 


1,164 


72 


60 


110 


4,775 




31 


1,100 


68 


74 


113 


4,767 




29 


1 ,036 


64 


71 


111 


4,602 




29 


979 


65 


86 

i 


105 

1 IT, 


4,638 



DAILY AVERAGE DATA 




Cash 

in 

Canada 131 


Canadian 
Deposits' 4 ' 


Ratio of 

Cask to 

Deposits 

in Canada 


Total 

Active 

Note 

Circulation 15 ' 




192 


1 ,958 


9.8 


195 


Average of 
Daily Figures 

1926 


191 


2,293 


8.3 


205 


1929 


172 


1 ,955 


8.8 


158 


1932 


(llC 


2,104 


10.3 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


254 


2,412 


10.5 


205 


193S 


269 


2,582 


10.4 


216 


1939 


2S9 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,203 


10.5 


523 


1942 


316 


2,966 


10.6 


423 


Oct. -1941 


340 


2,995 


11.4 


433 


Nov. 


330 


3,000 


11.2 


449 


Dec. 


317 


3,050 


10.4 


43S 


Jan. -1942 


314 


3,125 


10.0 


456 


Feb. 


370 


3,495 


10.6 


595 


Oct. -1942 


400 


3,696 


10.8 


003 


Nov. 


3S0 


3,538 


10.7 


619 


Dec. 


371 


3,491 


10.6 


608 


Jan. -1943 


373 
31 «. 


3,441 


10.8 


624 


Feb. 



res given are annual averages of estimated month-end < anadian deposits in 1926-35 and monthly 
| tered Bank note circulation and Bank of Canada notes in public circulation. 



verage Canadian deposits in l".i6 and after. 



CHARTERED BANKS : CANAD IAN DEPOSITS, LOANS 4 DOM.-PROV. SECURITIES : 1939-43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



3800 



3400 



3000 



2600 



1000^ 



3800 



2200 




DJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1939 1940 1941 1942 1943 



19 



r'k'ri. - MAU. 



Ill— SECURITY PRICES 

Bank of Canada 







Dominion of Canada Bonds Payable in Canada Only 










Middle of the market quotatio 


ns 






Average of Business Days 


15th of Each Month 




3J4% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 
9 Year 
Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 


















1938 


100.41 


3.22 


99.01 


3.08 


3.09 


2.76 


1.91 


1.13 


1939 


99.97 


3.23 


98.14 


3.15 


3.16 


2.90 


2.13 


1.54 


1940 


98.90 


3.31 


97.05 


3.25 


3.28 


2.95 


2.16 


1.48 


1941 


100.83 


3.18 


98.96 


3.09 


3.10 


2.92 


2.12 


1.40 


1942 


101.44 


3.12 


99.61 


3.04 


3.06 


3.03 


2.18 


1.48 


Monthly 


















1942— Mar. 


101.41 


3.13 


99.42 


3.05 


3.07 


3.05 


2.18 


1.48 


Apr. 


101.53 


3.12 


99.49 


3.05 


3.06 


3.05 


2.12 


1.48 


May 


101.52 


3.12 


99.62 


3.04 


3.07 


3.04 


2.14 


1.48 


June 


101.55 


3.11 


99.75 


3.02 


3.05 


3.02 


2.15 


1.49 


July 


101.50 


3.12 


99.79 


3.02 


3.05 


3.03 


2.16 


1.47 


Aug. 


101.50 


3.11 


99.74 


3.02 


3.05 


3.02 


2.17 


1.46 


Sept. 


101.35 


3.13 


99.63 


3.04 


3.06 


3.03 


2.21 


1.48 


Oct. 


101.20 


3.14 


99.62 


3.04 


3.07 


3.03 


2.22 


1.49 


Nov. 


101.17 


3.14 


99.55 


3.04 


3.08 


3.03 


2.21 


1.49 


Dec. 


101.59 


3.10 


99.64 


3.03 


3.06 


3.00 


2.22 


1.48 


1943— Jan. 


101.85 


3.08 


99.81 


3.02 


3.05 


2.94 


2.22 


1.52 


Feb. 


102.37 


3.03 


100.09 


2.99 


3.03 


2.85 


2.21 


1.52 


Mar. 


102.43 


3.03 


100.25 


2.96 


3.01 


2.83 


2.21 


1.51 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15tk of each month 



1940-43 




iiLii ; 



3 5% 

O.J/o j FMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 

I940 I94I I942 I943 

i Plotted l-i and 1SI 1> of each month. 



:b. - MAR. 1° 



« 



20 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada* (1) 


U. K.* l2 > 


U.S.A.* »> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Aiinual Average 

1938 


99.71 


3.15 


_ 


_ 


103.51 


1.61 


.590 


.611 


.053 


1939 


99.06 


3.19 


93.83 


3.45 


106.54 


1.38 


.707 


1.315 


.011 


1940 


97.98 


3.18 


99.92 


3.00 


108.37 


1.11 


.699 


1.019 


.014 


1941 


99.90 


3.14 


100.88 


1.91 


110.64 


1.98 


.576 


1.006 


.100 


1942 


100.53 


3.08 


101.37 


1.86 


109.S2 


1.00 


.537 


1.001 


.317 


Monthly 

1042— Mar. 


100.42 


3.09 


100.59 


1.94 


109.81 


1.01 


.551 


1.001 


21S 


Apr. 


100.51 


3.09 


100.42 


1.96 


110.25 


1.97 


.544 


1.001 


.181 


May 


100.57 


3.08 


100.94 


1.90 


110.21 


1.97 


.541 


1.003 


.368 


June 


100.65 


3.07 


101.80 


1.81 


110.48 


1.94 


.540 


1.040 


.366 


July 


100.65 


3.07 


101.93 


1.80 


110.40 


1.95 


.535 


.999 


.365 


Aug. 


100.62 


3.07 


101.74 


1.81 


110.15 


1.96 


.534 


1.003 


.371 


Sept. 


100.49 


3.09 


101.86 


1.81 


109.87 


1.98 


.531 


.995 


.368 


Oct. 


100.41 


3.09 


101.67 1.81 


109.60 


1.00 


.519 


1. 000 


.373 


Nov. 


100.36 


3.09 


101.71 1.81 


109.4S 


1.00 


.515 


1.001 


.373 


Dec. 


100.62 


3.07 


101.95 


1.79 


L09.06 


1.04 


.511 


1.001 


.367 


1943— Jan. 


100.83 


3.05 


102.28 


1.76 


109.36 


1.00 


.514 


1.001 


.363 


Feb. 


101.23 


3.01 


101.96 


1.79 


109.49 


1.99 


.508 


1.000 


.371 


Mar. 


101.34 


3.00 


101.67 


1.81 


109.36 


1.99 


.498 


1.001 


.371 



* Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issue is exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) Average of Dominion of Canada 3% due June 1, 1950-55 and i\i% due June 1. 1956-66. 

(2) United Kingdom 3% due Jan. 15th, 1954-58; price excluding accrued interest. 

(3) U. S. Treasury 2H% due Mar. 15, 1955-60. 

LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1942-43 

Daily Opening Quotations 




I942 



21 



FEB. - 



Millions of Dollars 



IV— PUBLIC FINANCE : DOMINION GOVERNMENT 

CASH REQUIREMENTS 

Dept. of Finance and Bank of Canada 



Fiscal Years Ending March 31: 



1939 



1940 



1941 



1942 



1943 



Direct War Expenditure 

Dept. of National Defence — Army 

— Navy 

" —Air 

Expenditure under United Nations Mutual Aid Act 

Expansion of Industry 

Other Direct War Expenditure 



War Advances 

Railways and Merchant Marine. . . 

War Supplies Limited 

Other Government Corporations. . . 

Allied Governments — Air Training. 

—Other 



Financing of U.K. War Expenditure in Canada 

Redemption in Advance of Maturity of: 

Dominion Bonds Payable in Sterling 

C.N.R. Bonds Payable in Sterling 

Repatriation via Bond Holding Account 

Accumulation of Sterling Balances by FECB* 

Loan to U.K. Government 

Gift to U.K. Government 



Total War Reouirements 

Other Expenditure 

Interest on Public Debt 

Cost of Loan Flotations & Amortization of Discount. 

Statutory Subsidies to Provinces 

Special Grants to Provinces 

Compensation to Provinces for Tax Transfer 



Old Age Pensions Subventions to Provinces 

Unemployment Insurance — Administration 

- Govt. Contribution 

Soldiers' Pensions and After-care 

Post Office Dept 

Other Ordinary- Expenditure (ex. Dept. of Nat. Defence) . . 

Unemployment and Agricultural Relief 

Provision for Reserve against Deficits of Can. Wheat Board' 

Other Special Agricultural Expenditure 

C.N.R. Deficit 

Other Government -Owned Enterprises 

Capital Expenditure (Net) 



Total Other Expenditure 

Loans and Investments 

Loans to C.N.R. to Meet Maturing Bonds'* 

" for Other Purposes (ex. Repatriation). 

Provinces re Relief 

under Dominion & National Housing Acts 

( )t her Loans (Net) 



Bond Holding Account (ex. Repatriation) 
Unamortized Debt Discount & Commission 

Total Loans and Investments 

Total Cash Requirements 



15.8 

o. o 

11.2 



.8 



34.4 



L28.0 

4.9 
L3.8 

7..-) 



20.0 



35.5 

104.4 

40.0 
25.0 

54.3 
4.(5 
5.4 

514.9 



2.1 

5.9 

L5.0 

2.7 
2.0 




7.3.3 
13.2 
37.7 



7.3 



0.1 



1.3 



72. (i 

6.3 
15.8 



236.6 

120.3 

:>.o 

13.S 
30.0 



7)7.0 
36.7 

107.0 

7)7.2 

27.0 

7.7) 

40.1 

2.0 

7.0 

526.0 



13.7 
7.:i 

12.0 
4.4 
1.8 



380.3 

88.2 
170.3 

77.0 
29.5 



10.5 

9.9 

34.0 

0.4 



75.0 

03.0 

1 1 .5 

190.1 



1,190.1 



130.2 

0.3 

13.S 

7) . .1 



29.9 



54.9 

3S.7 

103.2 

34. S 

10.7) 

4.7 

17.0 

1.2 

3.3 

463.0 



1.0 
9.6 

1.7) 

3.8 
1.5 

11.0 
2.5 




511 
129. 
370 

247, 
79. 



15.7 
36.5 
24.7 
72.2 

7.4 



149.S 

203.3 

11.7 

687.1 



2,467.3 



155.0 
10.4 
14.4 

21.1 

20.0 
2.3 
7.3 

53.2 

11.7, 

L05.0 

S.5 
12.0 
42.0 

1.2 
2.4 

513.4 



28.7 

2.0 

.2 

2.0 

vo 

.1 

11.0 

38.6 



(Preliminary 

1,078.2 
207.8 
027.0 

080.0 
211.5 



3.5 
96.5 
31.9 
37.4 
19.9 



3.9 

01.1 

7.5 

893.0 

700.0 

1,000.0 

3,873.2 



L85.0 
13.5 

14.5 

94.9 

30.0 
5.0 
12.0 
52. S 
45.4 
111.2 

7). 7 

6.7 

25.0 

1.3 
593.4 



ss.s 

16.2 
A 
2 

8.0 

27.9 

17.2 

53.7 



3,019.3 4.520.3 5,500.9 



;B. - MAR. 1943 



. illions of Dollars 



22 



IV- PUBLIC FINANCE : DOMINION GOVERNMENT 

SOURCES OF FINANCING 

Dept. of Finance and Bank of Canada 



Fiscal Years Ending March 31:- 



i DVENUE 

National Defence Tax 

Income Tax on Individuals 

Income Tax on Corporations 

Excess Profits Tax 

Succession Duties 

Withholding Tax on Dividends, Interest, etc. 

Excise on Liquor 

Excise on Tobacco 

Sundry Excise & Other Taxes 



Customs Import Duties 

Special Excise Tax on Imports. 

War Exchange Tax 

Sales Tax 



Post Office Department. . 
Return on Investments. . 
Other Ordinary Revenue. 
Special Revenue 



Total Revenue 

Of Which: Refundable. 



•RROWING 

War Savings Certificates and Stamps (Net)' 8 ' 

Other Funded Debt Payable in Canada Only (Net) 

Deposit Certificates (Net) 

Treasury Bills (Net) 



Funded Debt Payable in London (Net) (ex Repatriation) 
Funded Debt Payable in New York (Net) 



Funds Advanced to or Received from For. Exch. Control Bd. 
Of Which: Used by FECB for Accumulation of Sterling*' 
Sterling Temporarily Placed with Bk. of Can. by FECB* . 



Government Annuities 

Insurance and Superannuation Funds'" 

Interest Due & Outstanding and Outstanding Cheques 

Reserve re Canadian Wheat Board' 

Other Liabilities 



Total Borrowing . . 
>tal Revenue + Borrowing. 



Increase or Decrease in Cash Balances 

Increase or Decrease in Other Current Assets. 



)tal Cash Requirements (as per opposite page) . 



1939 



46.9 
85.2 



9.9 

18.4 
34.5 
24.9 

78.8 
15.6 

122.1 

35.3 

14.4 

12.0 

1.2 

499.2 



4S.9 

.YO 

7.9 
19.9 



15.4 

4..') 

2.9 

25.0 

9.8 

98.1 

597.3 

24.3 
1.0 



574.0 



1940 



45.4 
77.9 

11.1 

21.0 

42.1 
27.1 

104.3 

2.0 

137.4 

36.7 

14.6 

15.2 

.2 

535.0 



394.3 



2.2 
.2 



15.8 



17.4 
1.6 

9.1 

25.0 

2.1 

416.2 

951.2 

145.9 
A 



1941 



805.7 



27.7 

75.9 

131.6 

24.0 

13.0 

33.8 

5S.4 
40.4 

130.8 
1.0 

61.9 
179.7 

40.4 

17.0 

17.5 

3.0 

856.7 



58.0 

690.9 

75.0 



.4 

325.0 

121.1 

69.0 

15.6 

5.2 
8.5 

10.5 
9.1 

737.5 



194_> 



106.6 
189.5 
185.8 
135.2 
7.0 
2S.3 

47.5 
68.3 

112.4 

142.4 

.9 

100.9 

236.2 

46.0 
25.8 

19.2 
16.9 



1943 



(Preliminary) 

80.5 

460.0 ta 

350.0 

455. 0'° 

14.0 

27.0 

68.6 
102.0 
136.3 

118.0 

.5 

94.0 

230.0 

49.0 
41.5 
23.3 
11.5 



1,468.9 2,261.2 

(100.0) 



1944 



84.8 

1,540.0 

40.0 



10.0 

400.0 
180.2 

206.9 

16.9 
11.2 
27.1 
7.9 
22.2 

2,027.2 



1,509.9 
1,594.2 3,496.1 3,771.1 



56.7 
1,141.4 
790.0" 
30.0 



10. 1 

325.0 
617.1 
275.9 

12.1 
7.0 
1.3 
6.7 

50.2 



S9.9 
1.3 



1,682.8 



477 J 
.5 



3,019.3 4,520.3 



749. 2 "" 



(Budget 
Estimates) 



930.0" 

300.0 

550.0'° 

L8.0 

26.0 



r 339 



100.0 

.5 

S5.0 

225. 



- L38.0 

40.0 

2,752.2 

(225.0)' 



5,500.9 



The financing of the Foreign Exchange Control Board's accumulation of 
sterling balances is accounted for on the "Sources of Financing" page 
by the two items marked thus (■*■). 

Does not include any interest on the 4th Victory Loan, to be issued in 
April 1943. 

Does not include any allowance for payments to provinces under the 
federal government's guarantee of their gasoline tax revenue. 

Actual payments to the Canadian Wheat Board out of the "Reserve 
against Deficits" were $52.0 mm. in 1939/40 and $4.6 nun. in 1941/2. 
During the fiscal years under review the bank loans of the Canadian Wheal 
Board increased or decreased as follows: — 00.7, 1X2. 58.1, 15.6, 17.1 
(to Kb. 16, 1943). 



(d) Excludes equipment trust certificates, whose retirement- is provided for 
out of operating expenses. 

(e) Of the income tax on individuals and excess profits tax received in 1942/3 
it is estimated that $100 mm. will be refundable alter the war. 

(I) Of the income tax on individuals and excess profits tax to be received in 

1943/4 it is estimated that $225 nun. will be refundable alter the war. 
(g) Includes Non-Interest-Bearing Certificates, 
(h) Tentative estimate. 
(0 Includes the cash holdings but not the investments of the Unemployment 

Insurance Fund, 
(k) Includes premium ' of vested priee ovei face value amounting to 8.1 in 

1941/2 and .1 in 1942/3. which amounts are included in Direct War 

Expenditure in the Public Accounts. 



26 



V— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 








Department 


Employ- 


Aggregate ! 












Con- 
struction 


Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 










Central 


Index 








News- 


Contracts 


Loadings 




(3) 


(j) 




Gold 


Steel 


print 
(i) 


Electric 
Stations' 2 ' 


Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


Unadjusted 
June 1, 




Thousands 


Thousands 


Thousands 


Millions 


Millions 






Fine Ounces 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




1935-39=100 


1941 = 100 


1941 = 100 


Annual Totals'*) 




















1926 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


- 


65.1 


- 


1929 


1,928 


1,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


- 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


- 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 




1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 




1940 


5,311 


2,256 


3,419 


22 522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,328 


2,701 


3,426 


27,701 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,800 


3,121 


3,177 


32,412 


281.6 


3,387 


149.5 


113.6 


128.5 


12-Months Ending 




















Feb. 1943 


4,729* 


3,072 


3,042 


32,698 


28S.7 


3,351 


150.2 


114.6* 


130.1* 


Monthly 




















1941— Oct. 


461.2 


249.6 


318.8 


2,610 


29.1 


312.5 


136.5 


108.4 


113.3 


Nov. 


442.8 


247.9 


300.3 


2,576 


22.9 


285.8 


137.6 


109.6 


117.3 


Dec. 


419.1 


244.8 


300.8 


2,669 


19.1 


261.0 


145.8 


110.4 


119.5 


1942— Jan. 


405.7 


259.0 


311.9 


2,757 


12.9 


272.0 


151.1 


108.4 


112.3 


Feb. 


375.6 


242.9 


27S.1 


2,480 


11.1 


248.6 


142.8 


108.2 


118.5 


1942— Oct. 


381.8 


271.1 


271.6 


2,828 


21.4 


323.1 


152.9 


118.6 


138.0 


Nov. 


362.7 


270.8 


251.1 


2,827 


22.1 


290.6 


168.5 


119.9 


140.S 


Dec. 


359.9 


269.8 


244.2 


2,925 


9.6 


272.9 


146.6 


122.0 


144.3 


1943— Jan. 


334.5 


207.0 


233.5 


2,884 


12.0 


237.3 


147.8 


120.1 


132.0 


Feb. 




245.6 


221.8 


2,639 


19.0 


247.4 


154.3 







(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power, 
of Department Store Sales. Employment and Payrolls Indexes. * 12-Months ending Jan., 1943. 



(3) First of Month. (4) Average of months in case 

CASH INCOME FROM THE SALE OF FARM PRODUCTS : 1926-42 



DISTRIBUTION BY PROVINCES 

MILLIONS OF DOLLARS 

1200 



DISTRIBUTION BY PRODUCTS 




CALENDAR YEAR TOTALS 



MILLIONS OF DOLLARS 

1200 




1926 27 28 29 30 31 32 33 34 35 36 37 36 39 40 41 42 1926 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 
* See note (*) on facing page. 



MAR. 1943 



24 





VI 


CASH 


INCOME* FROM THE SALE 


OF FARM PRODUCTS 












Dominion Bureau of Statistics 










Millions of Dollars 






CANADA 


TOTAL 
















FIELD 


CROPS 






LIVESTOCK 










■ 


















Dairy- 
Products 


(i) 

All 

Other 


Cran \ 


Wheat 


Other 

Grains. 

Seeds 

and Hay 


Fruits, 

Vegetables 

and Other 

Field 

Crops 


Total 


Cattle 

and 
Calves 


Hogs 


Other 
Livestock 


Total 


Total 

Cash 

Receipts 


1920 


419.4 


77.0 


60.4 


557.4 


S4.2 


98.0 


11.0 


193.2 


112.0 


S9.0 


952.2 


192S 


403.7 


93.7 


55.1 


612.5 


119.5 


7S.2 


12.8 


210.5 


120.4 


109.4 


1,058.8 


1932 


120.9 


20.4 


37.4 


178.7 


41.2 


33.4 


5.2 


79.8 


07. S 


51.1 


377.4 


1938 


1SS.0 


33.4 


68.1 


290.1 


70.9 


79.4 


7.9 


164.2 


119.0 


74.5 


647.8 


1939 


217.9 


33.7 


80.9 


332.5 


02.0 


84. S 


S.O 


185.4 


113.8 


78.5 


710.2 


1940 


187.7 


32.9 


09.9 


290.5 


108.1 


123.4 


13.S 


245.3 


127.1 


90.0 


753.5 


1941 


174.3 


49.4 


X0. 4 


310.1 


140.5 


159.2 


15. 


321.2 


105.4 


102.2 


898.9 


1942 


145.5 


87.5 


100.S 


339.8 


175.5 


190.9 


17.3 


383.7 


224.4 


135.2 


1,083.1 



PROVINCIAL DISTRIBUTION 
1940 



P.E.I. 


.1 


2 


2.1 


2.4 


.9 


1.2 


2 


2.4 


.8 


1.0 


7.1 


N.S. 


- 


.3 


3.5 


3.8 


3.2 


2.1 


.0 


5.9 


3.5 


3.7 


16.9 


N.B. 


.1 


.5 


3.7 


4.2 


1.7 


1.7 


.5 


4.0 


2.0 


4.5 


15.3 


Que. 


.1 


3.0 


13.5 


17.3 


14.1 


24.1 


2.0 


40.8 


37.0 


23.7 


118.8 


Onl. 


4.2 


9.4 


32.7 


46.4 


43.0 


49.9 


4.1 


97.0 


54.3 


30.0 


227.7 


Man. 


23.3 


4.4 


1.4 


29.1 


11.3 


S.O 


1.1 


20.5 


s.l 


0.4 


64.1 


Sask. 


101.5 


7.9 


.3 


109.7 


12.5 


10.S 


l.S 


25.1 


7.4 


7.3 


149.4 


Alta. 


57.S 


0.2 


2.5 


66.6 


18.2 


24.4 


2.4 


45.0 


8.0 


0.3 


125.9 


B.C. 


.0 


.3 


10.0 


11.0 


3.1 


1.1 


.4 


4.7 


r>.'i 


7.2 


28.3 



1941 



P.E.I. 




2 


1.9 


2.1 


1.0 


1.5 


.3 


3.4 


1.2 


1.5 


8.2 


N.S. 


- 


.2 


4.0 


4.2 


4.3 


2.1 


.7 


7.0 


4.S 


4.2 


20.2 


N.B. 


- 


.0 


4.2 


4.8 


3.1 


2.2 


.0 


6.0 


3.2 


5.0 


19.0 


Quo. 


.1 


4.0 


15.7 


19.9 


22.1 


24.0 


3.5 


49.7 


47.0 


25.8 


143.0 


Ont. 


4.2 


11.7 


44.2 


60.1 


50.2 


00.9 


4.0 


121.7 


65.6 


34.2 


281.6 


Man. 


25.3 


12.1 


1.0 


39.0 


11.4 


9.9 


1.1 


22.5 


11.5 


7.0 


80.6 


Sask. 


88.7 


12.0 


.4 


101.6 


16.6 


17.2 


1.7 


35.4 


12.9 


S.7 


158.7 


Alta. 


55.2 


7.7 


3.0 


65.9 


24.9 


39.1 


2.0 


66.5 


12.5 


7.9 


152.8 


B.C. 


.7 


.3 


11.5 


12.5 


6.2 


2.3 


.5 


9.1 


0.1 


7.2 


34.9 



1942 



P.E.I. 




.2 


3.1 


3.3 


2.2 


2.3 


.3 


4.8 


1.7 


2.2 


12.1 


N.S. 


- 


.3 


5.6 


5.9 


5.0 


2.5 


.7 


8.2 


0.2 


5.2 


25.5 


N.B. 


- 


.7 


0.0 


6.7 


4.1 


3.0 


.7 


7.8 


4.0 


5.9 


25.0 


Que. 


.2 


4.5 


15.9 


20.5 


25.7 


23.0 


4.0 


52.7 


04.0 


31.2 


169.0 


Ont. 


6.3 


14.4 


50.4 


77.1 


62.4 


64.9 


4.8 


132.2 


90.4 


45.1 


344.8 


Man. 


21.7 


18.7 


1.8 


42.2 


17.3 


14.0 


1.3 


32.6 


14.1 


11.2 


100.1 


Sask. 


74.7 


35.7 


.4 


110.8 


22.4 


24.2 


1.9 


48.5 


10. 


13.7 


189.6 


Alta. 


41.7 


12.0 


4.0 


58.4 


28.9 


53.9 


2.9 


85.7 


17.3 


11.1 


172.5 


B.C. 


.8 


.5 


13.7 


14.9 


7.5 


3.1 


.0 


11.2 


8.8 


9.5 


44.6 



♦These figures do not include certain direct bonus and subsidy payments, which do not enter into the price of farm products, but which constitute an 
addition to the income shown abo\'e. (1) Eggs, poultry, forest products, miscellaneous farm products, fur farming, wool, honey and maple products. 



25 



ktlk - MAR. 



CANADA 

Dominion Bureau of Statistics 



VII— WHOLESALE PRICES 

Index 1926 = 100 

U.K. 

Board of Trade 111 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Averageof Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


81.8 


90.1 


98.3 


92.0 


95.7 


Monthly 












1942-Feb. 


78.4 


87.8 


95.6 


91.7 


94.6 


Mar. 


78.8 


88.4 


96.7 


92.1 


95.1 


Apr. 


79.5 


88.6 


96.2 


91.9 


95.0 


May 


80.2 


89.4 


96.5 


91.6 


95.2 


June 


81.5 


90.5 


98.6 


91.5 


95.8 


July 


81.1 


90.4 


100.2 


91.9 


96.0 


Aug. 


81.3 


89.7 


97.2 


91.8 


95.5 


Sept. 


84.3 


91.4 


98.5 


92.0 


96.0 


Oct. 


85.7 


93.1 


100.7 


92.2 


96.8 


Nov. 


86.4 


92.5 


101.8 


92.4 


96.9 


Dec. 


87.1 


92.6 


101.6 


92.6 


97.0 


1943-Jan. 


87.7 


93.0 


100.0 


92.7 


97.1 


Feb. 


88.5 


93.8 


100.7 


92.8 


97.5 



Food 3 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.2 


128.8 


128.7 


128.3 


127.9 


129.2 


128.2 


130.7 


128.7 


133.0 


129.5 


131.2 


128.8 


129.8 


129.1 


126.7 


128.2 


126.1 


128.2 


127.4 


129.0 


129.:', 


129.8 


130.1 


130.2 


130.6 


130.7 


130.7 


130.5 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 
ill 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


S4.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83. 5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


101.3 


97.0 


94.6 


97.0 


96.7 


102.8 


9S. 2 


96.1 


97.8 


97.6 


104.5 


100.0 


9S.7 


98.7 


98.7 


104.4 


99.7 


98.9 


99.0 


98.8 


104.4 


99.S 


99.3 


98.6 


98.6 


105.3 


100.1 


99.2 


98.6 


98.7 


106.1 


101.2 


100.8 


98.9 


99.2 


107.8 


102.2 


102.4 


99.2 


99.6 


109.0 


103.0 


103.4 


99.4 


100.0 


110.5 


103.9 


103.5 


99.4 


100.3 


113.8 


106.1 


104.3 


99.6 


101.0 


117.0 


108.2 


105.2 


100.1 


101.9 


119.0 


109.6 


105.8 


100.3 


102.5 



(1) Adjusted to 1926=100 from base 1913 = 
Prices of Finished Products. 



100 in 1926-29 and from base 19.50 = 100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 



WHOLESALE PRICES : 1913-43 

1926-29 = 100 



INDEX 

200 




MONTHLY 



~200 



160 



s' v 



120 



80 



40 



1915 1920 

* Sec noli' i 'i on page -' \, 



1930 



1940 



1942 1943 






. 



EB. - MAR. 194.5 



26 



VIII— RETAIL MERCHANDISE SALES : VALUE 

Dominion Bureau of Statistics 
Index 1935-39 = 100 







■ 


SEASONALLY ADJUSTED (1) INDEXES 


FOR CERTAIN STORES 








URBAN STORES 


Country 
General 
Stores 


Retail 




Depart- 
ment 
Stores 


Food 
Stores 


Hardware 
Stores 


Furniture 
Stores 


Radio & 

Electrical 

Stores 


Clothing, 

Boot 

& Shoe 

Stores 


Drug 
Stores 


Variety 
Stores 


Total 


Index 


Annual Average 

1930 


130.9 


126.2 


123.1 


125.2 


157.4 


132.3 


115.6 


88.5 


126.1 


* 


* 


1932 


93.1 


95.0 


80.5 


73.8 


82.5 


93.0 


96.4 


79.7 


91.8 


* 


* 


1933 


88.2 


86.3 


71.7 


68.1 


67.7 


85.0 


86.1 


74.9 


84.3 


* 


* 


1937 


103.8 


103.6 


104.8 


111.7 


109.2 


100.2 


104.0 


103.8 


104.5 


105.6 


102.0 


193S 


99.9 


102.1 


106.6 


98.1 


100.8 


99.3 


102.6 


105.2 


101.4 


103.5 


102.8 


1939 


103.6 


106.7 


107.6 


102.0 


103.0 


99.9 


104.8 


113.2 


105.1 


100.5 


101.0 


1940 


116.2 


117.5 


117.3 


118.1 


130.3 


113.5 


113.9 


133.8 


117.5 


106.4 


106.6 


1941 


133.8 


135.5 


137.6 


126.3 


138.7 


130.4 


131.2 


161.3 


135.8 


116.0 


114.9 


1942 


149.5 


155.9 


150.8 


129.5 


137.0 


163.S 


149.5 


186.4 


154.9 


131.9 


122.4 


Aver. 12-Mths. Ending 

Feb. 1943** 


150.2 


15S.0 


149.1 


12S.4 


135.4 


167.7 


152.7 


187.9 


156.5 


135.1 


122.7 


Monthly 

1941— Oct. 


136.5 


140.9 


140.5 


117.8 


119.5 


129.9 


135.9 


166.2 


138.1 


115.4 


120.1 


Nov. 


137.6 


140.3 


143.1 


95.0 


95.6 


135.7 


136.2 


171.6 


138.2 


US. 4 


121.4 


Dec. 


145. 8 


147.4 


154.7 


114.1 


121.3 


147.5 


145.5 


176.2 


147.2 


126.7 


120.6 


1942— Jan. 


151.1 


145.0 


173.2 


134.5 


156.4 


149.3 


140.6 


191.4 


150.9 


12S.4 


119.9 


Feb. 


142.8 


152.3 


175.2 


136.2 


14S.2 


173.2 


145.1 


190.0 


154.8 


130.7 


120.3 


1942— Oct. 


152.9 


152.6 


142.9 


124.7 


112.4 


152.0 


153.0 


L85.0 


152.0 


129.4 


123.7 


Nov. 


168.5 


15S.5 


150.8 


116.7 


106.9 


168.1 


154.7 


204.0 


161.7 


138.8 


125.0 


Dec. 


146.6 


163.0 


140.1 


121.3 


113.8 


162.5 


16S.7 


178.1 


156.4 


142.6 


125.2 


1943— Jan. 


147. X 


158.8 


153.S 


137.2 


148.0 


153.2 


158.9 


194.9 


155.8 


144.0 


122.5 


Feb.** 


154.3 


163.8 


175.2 


119.8 


138.2 


216.6 


164.6 


205.5 


169.1 


152.6 


122.2 



(1) Adjusted for number of business days and seasonal variations. * Not available. ** Preliminary. 



VALUE OF RETAIL SALES INDEX : 1939-43 

URBAN STORES 1935-39 = 100 



INDEX 




27 



FEB. - MARTigl 



Millions of Tons 



IX— STEAM RAILWAYS 

REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS 1 ' 

Dominion Bureau of Statistics 





Farm Products and Foods 


Forest 

Products 

and 

Paper 


Metals 


Non-Metallic M 


nerals 


Manu- 
factures 
and 
Mis- 
cellaneous 






Grains 
and their 
Products 


Livestock 

and 

Meats 


All 
Other 


Coal 
and 
Coke 


Petroleum 

and 
Gasoline 


AI1 <2 > 
Other 


Total 


Calendar Years 






















1926 


19.9 


2.3 


5.7 


19.1 


4.8 


24.3 


2.6 


10.1 


16.5 


105.2 


1929 


18.8 


2.3 


5.4 


19.6 


7.1 


24.4 


4.0 


13.8 


19.9 


115.2 


1932 


16.4 


1.6 


3.8 


8.3 


2.1 


14.4 


2.5 


3.6 


8.1 


60.8 


1936 


14.1 


1.8 


4.5 


12.3 


6.8 


16.8 


2.5 


4.0 


13.0 


75.8 


1937 


10.4 


1.8 


5.2 


14.4 


9.0 


17.4 


2.6 


6.1 


15.3 


82.2 


1938 


14.4 


1.5 


4.9 


11.8 


9.6 


15.1 


2.8 


4.3 


11.8 


76.2 


1939 


17.4 


1.6 


4.9 


12.3 


10.5 


17.2 


2.S 


4.4 


13.5 


84.6 


1940 


16.8 


1.7 


5.1 


15.7 


12.4 


19.3 


3.1 


6.7 


17.2 


97.9 


1941 


22.3 


1.9 


5.9 


17.S 


15.3 


21.9 


3.6 


6.6 


21.7 


117.2 


1942 


20.3 


2.2 


7.0 


19.0 


17.1 


25.4 


10.0 


7.0 


26.1 


134.1 


Monthly 

1941— July 


2.2 


.1 


.4 


1.5 


1.3 


1.6 


.4 


.7 


1.8 


10.1 


Aug. 


2.0 


.2 


.4 


1.6 


1.5 


l.S 


.3 


.8 


1.8 


10.4 


Sept. 


1.9 


.2 


.5 


1.6 


1.5 


2.1 


.3 


.8 


1.8 


10.7 


Oct. 


2.0 


.2 


.7 


1.5 


1.5 


2.4 


.3 


.8 


1.9 


11.5 


Nov. 


2.0 


.2 


.7 


1.6 


1.5 


2.2 


.3 


.6 


1.9 


10.9 


Dec. 


1.9 


.2 


.6 


1.5 


1.3 


2.1 


.3 


.4 


1.9 


10.1 


1942— July 


1.8 


.2 


.5 


1.7 


1.6 


2.3 


1.3 


.8 


2.2 


12.3 


Aug. 


1.5 


.2 


.5 


1.5 


1.5 


2.3 


1.2 


.8 


2.2 


11.9 


Sept. 


1.4 


.2 


.6 


1.5 


1.5 


2.2 


l .:; 


.8 


2.2 


11.8 


Oct. 


l.S 


.2 


.9 


1.7 


1.5 


2.3 


l.i 


.9 


2.4 


12.8 


Nov. 


1.9 


2 


.8 


1.5 


1.5 


2.1 


.9 


.6 


2.3 


11.9 


Dec. 


1.7 


2 


.7 


1.4 


1.4 


2.3 


.9 


.4 


2.2 


11.3 



(1) Carried in Canada. (2) Sand and Gravel, Cement, Lime and Plaster, Stone, Slate, Clay, Asphalt, Salt. 

STEAM RAILWAYS : REVENUE FREIGHT LOADED 
BY CANADIAN RAILWAY SYSTEMS^ 1929-42 



MILLIONS OF SHORT TONS 




MILLIONS OF SHORT TONS 



1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 

I Carried in Canada. * Running 12-month tot.ils in 1941-42. 



EB. - MAR. 1943 



28 



X— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 



Thousands of Short Tons 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


I Dial 


or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


1 95 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


12-Mths. Ending 
























Feb. 1943 


3,042 


249 


926 


4,217 


- 


281 


3,936 


3,798 


200 


3,998 


62 


Monthly 
























1941-Oct. 


318.8 


29.8 


87.1 


435.6 




56.4 


379.2 


350.1 


18.9 


368.9 


10.3 


Nov. 


300.3 


27.8 


82.6 


410.7 


- 


49.1 


361.6 


351.9 


19.6 


371.5 


9.9 


Dec. 


300.8 


24.5 


81.7 


407.0 


- 


48.6 


358.4 


366.0 


15.4 


381.5 


23.1 


1942-Jan. 


311.9 


28.6 


84.6 


425.2 




22.2 


402.9 


312.2 


17.8 


330.0 


73.0 


Feb. 


278.1 


27.3 


76.2 


381.7 


- 


22.1 


359.6 


290.9 


15.5 


306.4 


53.2 


1942-Oct. 


271.6 


21.8 


84.2 


377.6 


— 


21.1 


356.5 


342.3 


17.8 


360.1 


3.7 


Nov. 


251.1 


20.5 


75.1 


346.7 


- 


22.1 


324.6 


350.7 


16.9 


367.6 


42.9 


Dec. 


. 244.2 


19.4 


74.7 


338.3 


- 


17.4 


320.9 


339.7 


16.8 


356.S 


35.6 


1943-Jan . 


233.5 


13.6 


69.8 


317.0 


- 


12.7 


304.2 


305.2 


15.5 


320.7 


16.5 


Feb. 


221.8 


13.S 


64.4 


300.0 


— 


16.2 


283.8 


280.1 


14.7 


294.8 


11.0 



NEWSPRINT NORTH AMERICA 1938-43 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 



4400 



4000 



3600 



3200 



100, 



CUMULATIVE INCREASE 

OR DECREASE IN 
STOCKS SINCE 31/12/35 

IMONTH-END BASIS) 



rJ 



-4400 



4000 




100 



DMJSDMJSDMJSOMJSDMJSDMJSD" 
1938 1939 1940 1941 1942 1943 

1 1) Total supply: see above table. (2) See above table. (.*) Cumultaive difference of (a) Retained Production plus Impoi is and d>> Estimated 
Consumption by Publishers. For monthly figures see above table. 



i 



TATISTICAL SUMMARY 

BANK OF CANADA 



Tables 
I Bank of Canada: 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Doni.-Prov. Securities 

III Security Pricks: 

Govt. Securities, Payable in Canada only 

Yields of Dorn. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and l.S.A 

Yields of Doin. Govt. Bonds, Canada, U.K. and l ! .S.A. 

IV Public Finance: Provincial Governments 

Outstanding Debt 

Current Revenue ......... 

Current Expenditure 

V Bond Issues and Retirements 

VI Canada's Balance of Payments with Sterling Area . 

VII Business Activity 

VIII Wholesale Prices 

IX Employment Indexes .... ... 

X Grains: Acreage and Production 



Pages 
2'.) - 30 



31 - 32 
29 
30 
3] 

32 



33 
33 

34 
34 



35 - ;;<•> 

37 
38 

39 

-10 
41 

41 
■12 
12 



TABLES AND CHARTS MAY BE REPRODUCED OK REFERRED TO PROVIDF.I) THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATK, IS SPECIFICALLY QUOTKD AS THIC SOURCE 



Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal (he sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Hank of Canada, Ottawa. 



APRIL - MAY 1943 



1C5 



29 

















APRIL- .MAY iff p 


Millions of Dollars 
















I- 












LIABILITIES 






l- - 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


m 

bi 

Lis'il 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


> 


Average of 
Wednesday Figures 

1935- 9 Mt'hs. 


37.2 


170.5 


213.7 


23.9 


. ( 


-IS. 9 


6.8 


, . 




1936-12 Mths. 


40.4 


1S4.7 


225.1 


22.5 


1.0 


64.0 


9.4 


1 2 


1937 


49. 8 


191.4 


241.2 


25. S 


1.2 


90.0 


13.5 


, 2 


1938- 


56.0 


199.0 


255.6 


22.8 


2.1 


105.9 


12.5 


, 5 


1-939- 


60.9 


209.2 


270.1 


32.1 


9.5 


122.9 


11.1 


1 5 


1940- 


77.9 


213.7 


291.6 


-13.7 


10.3 


194.3 


14.4 


M 


1941- 


100.(1 


217.2 


317.8 


54.9 


7.2 


301.2 


17.0 


(8 


1942- 


120.1 


220.5 


346.6 


01.7 


16.8 


414.7 


22.1 


M 


1942— Jan. 


124.4 


195.0 


319.4 


59.9 


8.6 


357.0 


17.N 


'.3 


Feb. 


109.0 


210.5 


320.1 


31.0 


15.8 


370.1 


17.5 


'.0 


Mar. 


110.7 


23S.1 


348.8 


242.7 


10.9 


390.1 


L7.8 


1,(0! 


Apr. 


113.4 


21 N.N 


332.2 


95.1 


13.0 


401.4 


20.2 


{8 


1943— Jan. 


144.5 


235.6 


380.1 


3S.3 


37.8 


53S.4 


25.0 


1,(9| 


Feb. 


125.6 


255.0 


380.6 


35.5 


24.1 


55S.1 


21.0 


1,(9| 


Mar. 


U.S. 7 


254 . 1 


372.8 


22.5 


23.5 


588.9 


18.9 


1,(6! 


Apr. 


132.1 


258.0 


390.1 


15.1 


30.1 


602.6 


20.1 


i,(s| 


Wednesdays 

May 5 


138.9 Q) 


275.1 


414.0 2 ' 


102.2 


29.; s 


609.3° 


30.5 


1,15^ 


12 


14S.7 ,2) 


319.9 


468.6 (2 > 


50.2 


20.3 


598.8°' 


27.8 


1,17| 


19 


149.N"' 


330.4 


480.2' 2 ' 


96.0 


29.7 


597.0°> 


28.3 


l,2l| 


26 


1 55. 5 <2 > 


336.2 


491.7' 2 ' 


04.1 


18.8 


589 .3 m 


23. S 


1,11 





(1) Includes "Other Securities". (2) Estimates. *May, 1940 and subsequent figures give effect to the enactment, under the Wai Measures Act, of the Fon 
and necessary workiiiR balances, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION 1939-43 



MILLIONS OF DOLLARS 

4400 



4000 



MILLIONS OF DOLLARS 

4400 



4000 



3600 



3200 



2800 



2400 




J 3600 



3200 



2800 



2400 



djfmamjjasondjfmamjjasondjfmamjjasondjfmamjjasondjfmamjjasono 

1939 1940 1941 1942 1943 

* Chartered Hank note circulation and Bank of Canada ootea in public circulation. 



'R1L - MAY 


vto 


















\NADA 


















Millions of Dollars 










ASSETS 
















Reserve 






Securities 


Advances 


All 

Other 

Accounts 






Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 

Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total" 




i 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9 Mths. 




1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths. 


i 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937- 


i 


.9 


28.7 


210.6 


54.50 


122.5 


53.0 


181.2 


.9 


6.3 


1938- 




- 


43.2 


252.7 


58.15 


139.4 


46.3 


185.7 


.1 


7.2 


1939- 






* 


* 


* 


* 


* 


* 










— 


3(3.7 


111.9 




323.9 


109.0 


433.0 


1.3 


8.0 


1940- 




- 


88.8 


88.8 




444.1 


149.0 


593.1 


.7 


15.5 


1941- 




- 


122.G 


122.6 




505.9 


246.8 


752.7 


.5 


18.9 


1942- 




— 


247.9 


247.9 




299.8 


204.0 


503.8 


— 


11.7 


Jan. — 1942 




- 


330.0 


330.0 




212.8 


205.5 


418.3 


- 


12.1 


Feb. 




- 


434.4 


434.4 




342.0 


210.0 


551.9 


.8 


23.5 


Mar. 




- 


235.0 


235.0 




398.4 


214.9 


613.3 


.7 


19.0 


Apr. 




— 


.4 


.4 




783.0 


216.5 


999.5 


.5 


19.1 


Jan. — 1943 




- 


.3 


.3 




759.2 


243.2 


1,002.4 


- 


16.5 


Feb. 




- • 




.3 




742.9 


267.7 


1,010.6 


- 


15.7 


Mar. 




- 


.7 


.7 




797.3 


275.6 


1,072.9 


- 


14.5 


Apr. 




_ 


8.1 


8.1 




856.8 


2S4.9 


1,141.6 


.6 


35.4 


Wednesdays 

May 5 




- 


0.0 


0.6 




840.0 


290.5 


1,136.5 


.6 


40.0 


12 




- 


15.6 


15.6 




843.3 


295.8 


1,139.1 


- 


76.5 


19 




— 


18.4 


18.4 




846.0 


299.6 


1,145.7 


— 


23.6 


26 



i Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements 

CHARTERED BANKS : CASH IN CANADA* AND CANADIAN DEPOSITS : 1939-43 

MILLIONS OF DOLL ARS MILLIONS OF DOLLARS 

1200 



3800 



3400 



3000 



2600 



?200 




DJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1939 1940 1941 1942 1943 

* See note (3) on page 31. 



... 



31 














Al'klL- WW \^f 














II— CH 


Millions of Dollars 












B> 




LIABILITIES 






Notes 


Deposits 


Cash 
in 


Securities 








Dom. 


Canadian 




Total 


DOM. -PROV. 






Demand 


Time 


and Prov. 


Deposits'" 


Foreign 


Deposits' 2 ' 


Canada' 3 ' 






Under 2yrs. 


Over 2 yrs. 


Average of • 




















h 


Month-end Figures 






















1926 


169 


553 


1,341 


53 


1 ,958 


330 


2,333 


197 


344 


1929 


178 


696 


1,480 


102 


2,293 


lis 


2,837 


212 


342 


1932 


132 


486 


1 ,376 


82 


1 ,955 


312 


2,322 


186 


490 


1935 


126 


569 


1 ,445 


65 


2,104 


348 


2,476 


216 


407 


454 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 


1937 


110 


691 


1 ,574 


90 


2,382 


421 


2,840 


240 


445 


674 Hf 


1938 


100 


690 


1,630 


94 


2,449 


408 


2,892 


252 


447 


696 ■ 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


7is ; s 


1940 


91 


875 


1 ,647 


227 


2,753 


430 


3,250 


287 


681 


630 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


1942 


72 


1,341 


1 ,645 


347 


3,319 


501 


3,905 


340 


997 


810 


End of 






















1941— Dec. 


73 


1 ,268 


1 ,669 


167 


3,108 


462 


3,634 


348 


793 


723 ■_ 


1942— Jan. 


74 


1,217 


1,720 


159 


3,092 


149 


3,608 


288 


930 


745 


Feb. 


74 


1,271 


1,664 


246 


3,177 


456 


3,700 


317 


954 


769 


Mar. 


74 


1,144 


1 ,550 


(ill 


3,302 


473 


3,843 


341 


724 


920 


Apr. 


74 


1 ,232 


1 ,537 


493 


3,251 


486 


3,820 


315 


707 


934 1 


1942— Dec. 


62 


1 ,499 


1 ,673 


485 


3,608 


545 


4,287 


381 


1 ,262 


739 % 


1943— Jan. 


60 


!,431 


1 ,723 


340 


3,435 


555 


4,126 


341 


1 ,263 


743 A 


Feb. 


58 


1,512 


1 ,795 


226 


3,466 


550 


4,161 


350 


1 ,301 


779 


Mar. 


55 


1 ,659 


1 ,890 


268 


3,750 


550 


4,443 


370 


1 ,657 


715 II 


Apr. 


53 


1,800 


1 ,926 


257 


3,923 


563 


4,628 


393 


1,786 


719 1 




■ i ' 


/ ^£2* 




' 


■V l 




i - 


" 


• 




(1) Estimated month-en 


d deposits payable in C 


inadian currency. (2) Includes inter-b; 


ink deposits 








(3) Until March 1935: ( 


jold and Coin in Canada 


, Dominion Notes and "Free" Central G 


Did Reserve 


Deposits; after that date: 


Bank of Canada Notes an M 




CHAF 


*TERE[ 


) BANK 


5 : CAN 


ADIAN 


DEPOS 


ITS : 193S-43 







MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2000 



2000 




- 1 - 



DjrMAMJJASONDjrMAMJJASONDjrMAMJJASONDjrMAMJJASONDjrMAMJJASOND 
1939 1940 1941 1942 1943 

Chiefly Dominion and Provincial Government and Foreign lianks. 



Ibanks 



IT 

















ASSETS 




Loans 




1 


CANADA 


ABROAD 


Total 
Assets 


Call 


Current 
Public 


Current 
Other 


Call 


Current 




140 


934 


87 


250 


201 


2,864 




207 


1 ,343 


112 


301 


248 


3,528 




117 


1 ,032 


105 


84 


172 


2,869 




82 


829 


134 


72 


140 


2,957 




93 


099 


121 


64 


150 


3,145 




107 


732 


117 


08 


105 


3,317 


i 


07 


780 


129 


51 


158 


3,349 




55 


855 


133 


48 


145 


3,592 




44 


969 


122 


44 


138 


3,707 




34 


1,091 


95 


44 


133 


4,008 




29 


1 ,075 


80 


50 


127 


4,400 




32 


1 ,084 


SO 


48 


L36 


4,137 




31 


1 ,053 


75 


44 


138 


4,113 


I 


30 


1 ,055 


80 


40 


140 


4,208 




34 


1,213 


87 


50 


141 


4,352 




32 


1,150 


90 


53 


142 


4,320 




31 


1,100 


08 


74 


113 


4,767 




29 


1 ,030 


04 


71 


111 


4,602 




29 


979 


05 


80 


105 


4,638 




24 


930 


07 


81 


112 


4,914 




25 

* 


905 


00 

7 ' 


91 


114 

-1 


5,091 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 

in 

Canada" 1 


Canadian 
Deposits' 4 ' 


Percent 
of Cash to 
Canadian 

Deposits 


Total 

Active 

Note 

Circulation' 3 ' 




192 


1 ,058 


9.8 


195 


Average of 
Daily Kigures 

1920 


191 


2,293 


8.3 


205 


1029 


172 


1 ,955 


8.8 


158 


1932 


216 


2,104 


10.3 


109 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1037 


254 


2,412 


10.5 


205 


193S 


269 


2,582 


10.4 


210 


1939 


280 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


380 


1941 


342 


3,203 


10.5 


523 


1942 


336 


3,000 


11.2 


449 


Dec -1941 


317 


3,050 


10.4 


438 


Jan. -1942 


314 


3,125 


10.0 


450 


Feb. 


337 


3,253 


10.4 


470 


Mar. 


331 


3,247 


10.2 


477 


Apr. 


380 


3, 5: is 


10.7 


019 


Dec L942 


371 


3,401 


10.6 


(iOS 


Jan. -1943 


373 


3,441 


10.8 


624 


Feb. 


378 


3,005 


10.5 


646 


Mar. 


:;si 


3,781 


10.2 


(100. 


Apr. 



ires j:ivcii arc annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
rtered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS & DOM.-PROV. SECURITIES : 1939 -43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



3800 



3400 



3000 



2600 



1000 




DJFMAMJjASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1939 1940 1941 1942 1943 



33 



Al'klL-UAV 







III— SECURITY PRICES 














Bank of Canada 














Dominion of Canada Bonds Payable in Canada Only 










Middle of the market quotatio 


ns 








Average of Business Days 


15th of Each Month 




3M% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 
9 Year 
Bond 


Theoretical 
5 Year 
Bond 


Theoretical 

2 Year 

Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 


















1938 


100.41 


3.22 


99.01 


3.08 


3.09 


2.76 


1.91 


1.13 


1939 


99.97 


3.23 


98.14 


3.15 


3.16 


2.90 


2.13 


1.54 


1940 


98.90 


3.31 


97.05 


3.25 


3.28 


2.95 


2.16 


1.48 


1941 


100.83 


3.18 


98.96 


3.09 


3.10 


2.92 


2.12 


1.40 


1942 


101.44 


3.12 


99.61 


3.04 


3.06 


3.03 


2.18 


1.48 


Monthly 


















1942— May 


101.52 


3.12 


99.62 


3.04 


3.07 


3.04 


2.14 


1.48 


June 


101.55 


3.11 


99.75 


3.02 


3.05 


3.02 


2.15 


1.49 


July 


101.50 


3.12 


99.79 


3.02 


3.05 


3.03 


2.16 


1.47 


Aug. 


101.50 


3.11 


99.74 


3.02 


3.05 


3.02 


2.17 


1.46 


Sept. 


101.35 


3.13 


99.63 


3.04 


3.06 


3.03 


2.21 


1.48 ' 


Oct. 


101.20 


3.14 


99.62 


3.04 


3.07 


3.03 


2.22 


1.49 


Nov. 


101.17 


3.14 


99.55 


3.04 


3.08 


3.03 


2.21 


1.49 


Dec. 


101.59 


3.10 


99.64 


3.03 


3.06 


3.00 


2.22 


1.48 


1943— Jan. 


101.85 


3.08 


99.81 


3.02 


3.05 


2.94 


2.22 


1.52 


Feb. 


102.37 


3.03 


100.09 


2.99 


3.03 


2.85 


2.21 


1.52 


Mar. 


102.43 


3.03 


100.25 


2.96 


3.01 


2.83 


2.21 


1.51 


Apr. 


102.38 


3.03 


100.15 


2.98 


3.00 


2.83 


2.21 


1.50 


May 


102.3S 


3.03 


100.13 


2.98 


3.00 


2.83 


2.22 


1.50 



1.5% 



2.0% 



2.5% 



YIELDS OF DOMINION GOVERNMENT BONDS : 1940-43 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 1 5th of each month 




THEORETICAL 5 YEAR BOND 



5% 



20% 



25% 



3.0% 



THEORETICAL 9 YEAR BONO 




•5 C.o/\ I. 1 

J.J/o j F M A M J 



1940 



1941 



1942 



1943 



3 0% 



JASONDJFMAMJJASONDJFMAMJJASONOJFMAMJJASONO 



3 5% 



*1'K1L-MA\ l'J-U 



34 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15 th of Month 




Cana 


da* a> 


U. K.* 8) 


U.S.A.* «> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 


99.71 


3.15 


_ 




103.51 


2.61 


.590 


.611 


.053 


1939 


99.06 


3.19 


93.83 


3.45 


106.54 


2.38 


.707 


1.315 


.022 


1940 


97.98 


3.28 


99.92 


3.00 


108.37 


2.21 


.699 


1.029 


.014 


1941 


99.90 


3.14 


100.88 


2.92 


110.64 


1.98 


.576 


1.006 


.100 


1942 


100.53 


3.08 


101.37 


2.86 


109.82 


2.00 


.537 


1.001 


.327 


Monthly 

1942— May 


100.57 


3.08 


100.94 


2.90 


110.21 


1.97 


.542 


1.003 


.368 


June 


100.05 


3.07 


101.80 


2.82 


110.48 


1.94 


.540 


1.040 


.366 


July 


100.05 


3.07 


101.93 


2.80 


110.40 


1.95 


.535 


.999 


.365 


Aug. 


100.02 


3.07 


101.74 


2.82 


110.15 


1.96 


.534 


1.003 


.372 


Sept . 


100.49 


3.09 


101.80 


2.81 


109.87 


1.98 


.531 


.995 


.368 


Oct. 


100.41 


3.09 


101.07 


2.82 


109.00 


2.00 


.529 


1.000 


.373 


Nov. 


100.36 


3.09 


101.71 


2.82 


109.48 


2.00 


.525 


1.002 


.373 


Dec. 


100.02 


3.07 


101.95 


2.79 


109.00 


2.04 


.521 


1.002 


.367 


1943— Jan. 


100.83 


3.05 


102.28 


2.76 


109.30 


2.00 


.514 


1. 001 


.363 


Feb. 


101.23 


3.01 


101.96 


2.79 


109.49 


1.99 


.508 


1. 000 


.372 


Mar. 


101.34 


3.00 


101.67 


2.82 


109.36 


1.99 


.498 


1.001 


.371 


Apr. 


101.27 


3.01 


101.23 


2.87 


110.31 


1 .90 


.498 


1.012 


.373 


Mav 


101.20 


3.01 


100.57 


2.94 


111.47 


1.80 


.498 


1. 001 


.372 



* Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issue is exempt from "normal" income tax, vitiate any direct 
comparison of absolute vield levels. 

(1) Average of Dominion of Canada i% due June 1, 1950-55 and i\4,% due June 1, 1956-66. 

(2) United Kingdom .}% due Jan. 15th, 1954-58; price excluding accrued interest. ' 
(J) U. S. Treasury 2H% due Mar. 15, 1955-60. 

LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1942-43 

Daily Opening Quotations 




APR MA-r JUNE 



I942 



1943 



Si> 



A1ML- A1AI Ujm 



Millions of Dollars 



IV— PROVINCIAL GOVED 

Cork 



Fiscal year-end nearest to Dec. 31st 


1926 


1930 


1937 


1938 


1939 


1940 


1941 


19-T 

Ell 


Direct Debt 

Funded Debt' 2 ' 


740.2 
41.6 


974.9 
60.6 


1,511.4 
123.3 

1,388.1 

130.4 
102. 6 


1,590.4 
132.7 


1,714.4 
143.0 


1,734.3 
156.8 


1,707.9 
151.4 


1 ,6< . 

It. 


Less Sinking Funds 




Net Funded Debt 


G98.G 
G2.1 


914.3 
91.2 


1,457.7 

145.2 
130.7 


1,571.4 

155.9 
108.6 


1,577.5 

160. G 
110.1 


1 ,556.5 

167.5 
111.7 


1 ,5: 

11 

i 


Treasury Bills 

Held by Dominion 


Held by Others 






Total Treasury Bills 


62.1 

43.8 

2.2 

9.1 

10.0 

18.3 

844.1 


91.2 

49.0 
8.8 
10.5 
14.0 
19.3 
1,107.1 

108.5 

3.4 


233.0 

47.3 
14.S 
15.4 
18.0 
22.0 


275.9 
46.2 
13.3 
15.4 
18.0 
2G.6 


264.5 
42.5 
11.9 
17.7 
19.0 
25.2 
1,952.2 

162.9 
7.2 


270.7 

41.8 

8.8 
17.9 
21.4 
18. 6 


279.2 

38.2 

8.3 

18.5 
21.1 

14.1 


2ctl 


Savings Deposits 


Temporary Loans 




Superannuation and Other Deposits. . 
Accrued Interest 


- 


Accounts Payable & Other Liabilities. 




Total Direct Debt (Less sinkina Funds; 


1,738.6 

1G2.2 
12.7 


1,853.1 

170.0 
10.0 


1,956.7 

162.6 
7.4 


1,935.9 

154.0 
6.9 


1,89 4 


Indirect Debt 

Guaranteed Bonds'" 


98.8 
.7 


15 J 

145 

■> , 


Less Sinking Funds 




Net Guaranteed Bonds 

Dominion Loans under M.I. A. Act' 1 ' . . 
Guaranteed Bank Loans. . . . 


98.1 

3.3 
3.1 


105.1 

10.3 
1G.0 


149.5 

41. G 

17.S 


1G0.0 

.9 

50.4 

19.5 


1 55 . 7 

3.9 
40.2 
19.4 


1 55 . 2 

7.5 
40.4 
19.5 


147.1 

7.3 

29.7 

18.8 


Other Indirect Debt 


1(1 
19(1 

2,08 M 




Total Indirect Debt (Less sinking Fumisi 


104.5 


131.4 


208.9 


230.8 


219.2 


222.6 


202.9 


Total Direct and Indirect Debt 


948.6 


1,238.5 


1,947.5 


2,083.9 


2,171.4 


2,179.3 


2,138.8 




Provincial Distribution 

Prince Edward Island 


2.1 
38.6 
37.8 
98. 1 

404.2 
90.1 
58.8 

122.7 
95.9 

948.6 


2.8 

55. 1 

52.5 

L04.9 

552.7 

107. G 

98.4 

137.0 

127.2 


5.9 
93.1 

82.0 
284.9 
80G.G 
122.1 
215.2 
169.9 
167.5 


7.2 
98.2 
91.0 

347.2 
850.8 
122.4 
23 1.5 
169.1 
166.2 

2,083.9 


8.9 

101.1 
100.3 
401.1 
869.1 
123.9 
232. (i 
163.0 
L67.8 


9.7 
101.7 
99.8 
125.7 
859.4 
120.3 
234.1 
L60.8 
167. 8 


9.7 

L01.9 

99.8 

417.1 

Ms. n 

115.9 

158.7 

159.2 


95 




Quebec 


<) 
414! 


Ontario . • 


S2 


Manitoba 


113 


Saskatchewan 


■ )•) 


Alberta 


15<7 


British Columbia 


15H 






Total Direct and Indirect DEBT 


1,238.5 


1,947.5 


2,171.4 


2,179.3 


2,138.8 


? n«,4 







(1) For the purposes of comparability certain liability items shown on Provincial Balance Sheets sm li .is reserves and trust and special >1< posus eoverlj 
designated contra assets have been excluded. (2) Bonds, debentures and stocks, including debenture debl assumed. (3] Excluding c'.N.R. bonds guuratf 
by provinces. (4) Municipal Improvements Assistance Act. (5) Based on information contained in budget speeches and other published sources and st« 



T'KIL - .U.\l 1V4.1 

j OUTSTANDING DEBT ' 

i Canada 














Millions of Dollars 


Fiscal year-end nearest Dec. 31st 


1926 


1930 


1937 


1938 


1939 


1940 


1941 


1942<s» 

EST. 


VDED DEBT 2 ' (Less Sinking Funds) 
Prince Edward Island 


1.4 
32.9 
32.8 
73.4 
272.9 
62.9 
55.0 
84.5 
82.8 


1.8 
50.7 
38.6 
74.4 

397.7 
75.5 
80.1 

101.5 
94.0 


4.7 

85.3 

68.5 

232.2 

575.7 

82.6 

111.4 

116.0 

111.7 


5.1 

94.0 

81.0 

205.0 

590.9 

80.7 

110.0 

115.4 

109.6 


5.7 

92.1 

94.2 

351.8 

618.7 

79.2 

108.0 

114.8 

106.9 


6.8 

94.5 

91.9 

361.0 

616.6 

75.3 

107.5 

114.0 

109.9 

1,577.5 

25.2 
74.2 
26.5 
34.7 


8.7 

96.4 

92.7 

346.0 

619.4 

71.3 

105.4 

113.3 

102.7 


8.2 




SS.l 


\c\v Brunswick 


93.3 




347.8 




610.4 




69.6 


Saskatchewan 


104.0 


Mberta 


112.5 


(British Columbia 


100.4 






Total 


698.6 


914.3 


1,388.1 

22.3 
48.3 
26.5 
33.3 


1,457.7 

23.6 
62.1 
26.5 
33.0 


1,571.4 

25.2 
69.7 
26.5 
34.5 


1,556.5 

25.2 

81.1 
26.5 
34.7 " 


1,534.3 


easury Bills Held by Dominion 

Manitoba . . . 


24.9 


Saskatchewan 


81.1 


Alberta 


26.3 


British Columbia 


34.7 






Total 


2.5 

6.8 
48.0 

1.7 

.8 

2.3 


1.5 
4.7 

39.0 
8.2 
7.9 
9.9 

20.0 


130.4 

2.3 

5.9 

9.5 

49.0 

11.2 

17.5 

1.0 

6.2 


145.2 

4.4 
25.0 
60.0 
12.0 
20. 6 
1.5 
7.2 


155.9 

3.2 

64.0 

11.8 

18.4 

1.6 

9.6 

108.6 

3.1 
3.7 
3.7 

21.0 

51.:) 

4.1 

7.1 

10.5 

8.6 


160.6 

3.0 

9.5 

61.0 

11.7 

16.5 

1.7 

6.7 


167.5 

2.4 
25.6 
49.5 
11.7 
15.8 
1.7 
5.0 


167.0 


easury Bills Held by Others 

Nova Scotia 




New Brunswick 


.1 


Quebec 


20.0 


Ontario 


43.0 


Manitoba 


11.7 


Saskatchewan 


14.9 


Mberta 


1.7 


British Columbia 


1.3 






Total 


62.1 

.7 
3.1 

3.9 
11.8 

26.9 
16.8 

1.5 
12.8 

5.9 


91.2 

1.0 

2.7 

8.1 

10.9 

35.9 

10.7 

4.1 

15.0 

7.2 


102.6 

1.1 

5.0 

(i.O 

10.4 

53.5 

2.3 

11.8 

17.8 

9.6 


130.7 

2.0 

2.8 

3.4 

18.2 

56.0 

2.4 

8.7 

16.5 

9.5 


110.1 

2.7 
4.0 
2.2 
16.6 
52.2 
4.2 
9.2 
9.8 
7.6 


111.7 

.8 
2.5 
1.9 
1 1.3 
56.1 
4.0 
6.3 
9.3 
8.0 

100.2 

.2 
3.0 

2.8 

33.6 

123.0 

3.7 

19.9 

7.9 

8.8 


92.7 


her Direct Debt <6 > 

Prince Edward Island 


1.1 


Nova Scotia 


2.4 


New Brunswick 


1.9 


Quebec 


10.5 


Ontario 


50.8 




3.7 


Saskatchewan 


5.3 


Alberta 


9.1 


British Columbia 


7.6 






Total 


83.4 

.1 
1.1 
6.4 

50.4 
8.7 
1.5 

25.4 
4.9 


101.6 

.5 

1.1 

19.0 

80.1 

7.2 

0.3 

10.0 

0.0 


117.5 

.1 

.5 

1.6 

32.8 

128.4 

4.0 

26.2 

8.6 

6.7 


119.5 

.1 

1.4 

2.2 

39.0 

137.9 

3.7 

30.1 

9.5 

6.9 


116.3 

.1 

2.4 

2.4 

31.6 

131.9 

3.6 

29.4 

9.6 

8.2 


108.5 

_2 

3.2 

2.7 

38.6 

129.6 

3.9 

26.7 

8.8 

8.9 


98.4 


TAL INDIRECT DEBT (Less Sinking Funds) 1 

'rincc Edward Island 


.3 


Vova Scotia 


3.0 


\cw Brunswick 


2.1 


)uebec 


29 . 1 


Ontario 


122.9 


Manitoba 


3.1 


Saskatchewan 


19.0 


Mberta 


7.1 


British Columbia 


8.5 






Total 


104.5 


131.4 


208.9 


230.8 


219.2 


222.6 


202.9 


196.0 







ib 



ision when the public accounts (where they have not been issued) become available, 
deposits, accrued interest, accounts payable and other liabilities. 



(6) Includes savings deposits, temporary loans, superannuation and 



6( 



APRIL - MAY 



Millions of Dollars 



IV— PROVINCIAL GOVERNMENTS : CURRENT REVENUE 1 

Compiled by Bank of Canada 



Fiscal Year nearest to Calendar Year 



1926 



1930 



1937 



1938 



1939 



1940 



1941 



From the Public 

Taxes on Income of Individuals 

Taxes on Corporation Profits' 2 ' 

Other Corporation Taxes 

Revenue from Public Domain 

Succession Duties 

Liquor Revenue (Net) 

Tobacco Tax 

Amusement Taxes 

Gasoline Taxes 

Motor Vehicle Licenses 

Taxes on Real Property 

Retail Sajes Taxes 

Miscellaneous Taxes 

Licenses, Permits and Fees (Ex. Motor Vehicles) 
Other Revenue 

Total from the Public 

From the Federal Government' 1 ' 

Subsidies 

Special Grants 

Gasoline Tax Guarantees 

Other Transfers Under Tax Agreements. . 

Total from Federal Government ' 

Total Current Revenue 

Provincial Distribution' 4 ' 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total Current Revenue 



1.5 

1.6 

11.9 

21.3 

15.7 

16.4 

4.9 

6.5 
15.9 

9.5 

2.3 

7.8 
4.7 

120.0 
12.5 



12.5 
132.5 



.9 
4.6 

4.1 
29.8 
37.9 
10.3 
L2.8 
10.7 
21.4 



2.1 

2.6 

14.0 

18.5 

20.7 

32.0 

4.5 

23.5 

19.7 

6.0 

1.8 

8.6 
5.0 

159.6 

12.5 

1.6 



14.1 
173.7 



11.8 
9.7 
20.4 
25.0 
36.7 

29.7 

2.9 

38.8 
26.4 

5.3 
1.9 
2.9 

8.1 
3.8 

223.4 

13.7 
7.5 



21.2 
244.6 



12.1 
11.3 
23.4 

28.7 
31.1 

30.0 

2.6 

41.6 
25.8 

5.8 
2.4 
2.7 

8.3 
3.7 

229.5 

13.7 
7.5 



21.2 
250.7 



12.1 
11.6 
24.9 
23.6 
27.8 

33.4 



53.1 

28.1 

6.5 
2.7 
2.5 

S.7 
4.0 

241.7 



13.7 
5.5 



19.2 
260.9 



15.6 
29.0 
25.3 
28.9 
22.2 

37.1 



56.6 
29.6 

5.7 
11.8 

4.7 

8.7 

4.0 

281.9 

13.7 
5.5 



19.2 
301.1" 



8.6 ( 
27. 4 : 
19.1" 
32.5 
27.4 

45.1 

.3 

2.9 

59.9 
31.7 

6.0 

15.8 

5.7 

9.2 

5.1 

296.7 



14.3 
2.2 

22.9 

39.4 

336.1 



1.1 
6.7 
6.4 
43.4 
55.1 
1 1 .2 
13.1 
13.4 
23.3 



1.6 

10.4 
7.7 
57.3 
86.9 
L5.3 
L6.8 
is. I 
30.2 



1.6 
11.1 

8.4 
(il.O 
84.3 
15.5 
IS. 6 
IN. 7 
31.5 



132.5 



173.7 



1.7 
11.6 

S.2 
63.4 
87.5 
16.5 
20.6 
19.6 
31.8 



1.7 
13.2 
10.0 
79.2 W 
103.0 
17.3 
21.1 
20.6 
35.0 



1.9 
14.5 
10.9 
94.6 
L09.7 
l.s.l 
25.0 
23.3 
37.8 



244.6 250.7 260.9 



301.1 



336.1 



(i) 



(2) 



(3) 

(4) 



Excludes interest receipts; federal grants in aid lor unemployment relic f, 
old age pensions, technical education, employment offices, etc.; refunds 
from other provinces, municipalities etc.; and institutional revenues from 
sales of produce and services, all of which have been deducted from the 
corresponding items of expenditure. 

Excludes taxes on mining corporations. In accordance with the classification 
adopted for the purposes of the Federal-Provincial Tax Agreements such 
revenue is included under the heading "Public Domain". 
Excludes federal grants in aid. (see note (1) ). 

Totals will differ from the total revenue figures in the Provincial Public 
Accounts since lor the purpose of comparison a number ,>l adjustments 
have been made including the deduction of certain items ol revenue from 
the corresponding expenditure (.see note (1) ). 



(5) Based on information contained in Bridget Speeches and other publish* 
sources and subject to revision when the public accounts (where tin- 
have not yet been issued) become available. 

((>) Quebec figures are estimates lor a twelve month period based on the nin 
month fiscal period. 

(7) Decrease from l<M(i is due to the temporary transtci oi these revenu 
sources to Dominion under the Federal-Provincial Tax Agreements. Sr 

item iineie-r tin heading "From tlie Federal Government". 

(8) Not including the amounts received from the Federal Government undi 
the Tax Agreements. See item "Gasoline Tax Guarantees 

i.yi Excludes 3.9 received from Dominion and transferred to municipalities. 



li'KlL - MAY 1943 

IV—PROVINCIAL 


GOVERNMENTS : CURRENT 

Compiled by Bank of Canada 


EXPENDITURE 


68 

it 

Millions of Dollars 


Fiscal Year Nearest Calendar Year 


1926 


1930 


1937 


1938 


1939 


1940 


1941 


1942 

EST.< 81 


OUCATION 


25.5 

17.1 

17.1 

19.6 

8.9 

4.7 

9.0 

9.4 

2.4 

41. (J 
16.9 

24.7 

3.5 


34.5 

4.0 
25.4 


31.7 

9.8 

34.7 


34.8 

10.2 

38.1 


30.0 

10.0 
42.3 


30.1 

10.7 
42.0 


39.5 

10.4 
42.5 


40.0 


liblic Welfare (Ex. Relief) 

Old Age Pensions' 2 ' 


11.9 


Other 


44.4 


Total Public Welfare (Ex. Relief) 
ighways & Other Aids to Transport 
ublic Domain 




30.0 
33.4 
14.5 

0.9 
12.8 
11.8 

3.2 

50.4 
20.1 


44.5 
20.9 
14.2 

0.9 
13.3 
13.4 

3.2 

09.7 
16.2 

53.5 

7.1 


48.3 
29.0 
15.7 

7.3 
14.0 
14.2 

2.3 

72.7 
16.3 


52.9 

29.4 
15.5 

0.0 
14.2 
15.3 

2.4 

78.0 
17.5 


52.7 

32.0 

15.4 

6.5 

13.S 

15.0 

2.3 

80.8 

17.3 


52.9 
37.5 
16.3 

7.0 
14.2 
17.0 

2.0 

79.8 
17.3 


50.3 
30.8 
17.0 


GRICULTURE 


7.8 


"MINISTRATION OF JUSTICE 


14.3 


ieneral Government 131 


18.3 


EGISLATION 


2.1 


JROSS DEBT SERVICE (Ex. Debt Repayment) 

Less Interest Revenue Received 


78.0 
16.5 


Net Debt Service. . 


30.3 

4.1 


56.4 
8.6 


60.5 

10.9 

243.7 

30.0 


03.5 
8.5 

240.4 
22.0 


02.5 
12.7 


02.1 


ITHER' 4 ' 


11.5 






Sub-Total (Ex. Relief) 

.EL1EF 5 ' 


125.4 
.1 


181.5 

4.7 


214.7 
44.0 


230. (i 
37.7 


202.2 
11.9 


272.8 

7.1 






otal Current Expenditure 

(Ex. Debt Repayment) 


125.5 


186.2 


258.7 


268.3 


279.7 


268.4 6 


274.1 


279.9 


rovincial Distribution"' 

Prince Edward Island 


.8 

5.2 

4.0 

20.4 

38.7 

8.9 

11.1 

10.3 

20.1 


1.1 
0.9 
0.4 
43.0 
50.0 
12.0 
18.3 
15.0 
20.3 


1.0 
10.0 

7.4 
02.0 
83.1 
15.5 
32.9 
15.0 
30.0 


1.0 
10.0 

8.2 
07.0 
86.8 
15.0 
31.9 
15.7 
30.9 


1.9 
11.3 

9.3 
75.2 
90. (i 
10.1 
20.0 
17.1 
31.0 


1.8 
11.4 

9.0 
70. 1' 6 ' 
88.0 
10.0 
25.0 
10.2 
30.3 


1.7 
12.9 

9.3 
72.2 
94.2 
15.2 
21.S 
10.0 
30.8 


l.s 


Nova Scotia 


12.8 


New Brunswick 


9.8 


Ouebec 


79.9 


Ontario 


90. S 


Manitoba 


15.3 


Saskatchewan 


20.9 


Alberta 


17.8 


British Columbia 


30.8 






otal Current Expenditure 


125.5 


186.2 


258.7 


268.3 


279.7 


268.4 


274.1 


279.9 







) Includes direct relief expenditures whether or not these were capitalized 
by the Provinces. For the purposes of comparison however certain items 
of revenue have been deducted from the corresponding expenditure (see 
footnote (1) under Revenue, page 37). 

!) Includes pensions for the blind. 

>) Composed largely of expenditures of general administrative departments 
such as Treasury, Audit, etc. Administrative cost of each function of 
government shown in this table has been charged to that function. 

f) Includes special expenditures such as bonuses for hogs, cheese, rural 
power lines, etc. and other expenditure not classified. 



(5) Includes all relief expenditures whether or not capitalized, except on 
relief works and seed grain loans. 

(6) Quebec figures for ls>40 are estimates for a twelve month period based on 
the nine month fiscal period. 

(7) Totals will differ from the total expenditure figures in the Provincial 
Public Accounts since for the purpose of comparison a number of ad- 
justments have been made including the deduction of certain revenue items. 

(8) See note (5) under Revenue, page 37. 



3V 



.vl Kll- - Al.Ai rer 



Far Values in Millions of Canadian Dollars 



V— BOND ISSUES AND RETIREMENTS 

Bank of Canada 



Calendar Years 

1939 
1940 
1941 
1942 

Quarters 

1942— I 
II 

III 
IV 

1943— I 



I-Dominion Direct & Guaranteed 
and Other C.N.R. 



New Issues 



411.0 

706.4 

1,384.3 

2,265.3 

1,019.4 

217.2 

18.7 

1,010.1 

119.4 



Retirements 



233.3 
416.9 
597.6 
536.2 

376.5 
62.0 
24.0 
73.6 

183.4 



Net New 

Issues or 

Retirements 



177.7 

289.5 

786.8 

1,729.2 

642.9 

155.2 

5.4 

936.5 

64.0 



II-Provincial Direct and Guaranteed 



New Issues 



New 



113.2 

79.5 

30.9 

3.4 

1.6 

1.3 



1.3 



Refunding 



40.5 
89.6 
51.0 

131.4 

1.3 
62.3 
38.6 
29.2 

59.7 



Retirements 



Refunded 



33.5 

81.4 

66.5 

132.9 

12.6 
10.0 
40.3 
70.0 

56.0 



Other 



40.0 

28.2 
33.5 
46.3 

7.6 
13.0 
10.9 
14.7 

9.0 



Net New 

Issues or 

Retirement 



80.1 
59.5 

18. 1 
44.4 

17.2 
40.5 
12.7 
55.1 

4.0 





III-Corporations 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 

1939 


36.1 


201.4 


202.0 


66.2 


30.8 


1940 


36.8 


18.3 


17.7 


92.3 


54.9 


1941 


17.8 


3.S 


3.8 


78.3 


60.6 


1942 


6.7 


35.6 


38.0 


61.3 


56.9 


Quarters 

1942— I 


.9 


9.1 


9.1 


29.4 


28.5 


II 


1.1 


22. S 


25.2 


13.6 


14.8 


III 


4.6 


.4 


.4 


8.1 


3.6 


IV 


.2 


3.3 


3.3 


10.2 


10.0 


1943— I 


12.9 


5.7 


- 


18.0 


.5 



I+II+I1I 



Net New 

Issues or 

Retirements 



227.1 

294.1 

708.1 

1,627.8 

597.2 

180.9 

21.6 

871.4 

67.5 



iv-dominion 
Treasury Bills ani 
Deposit Certificati 



Net New 

Issues or 

Retirements 



Total 
outstandini 



75 

40 

440 



510 

70 

410 



Year End 

155 
230 
270 
710 

End of Quart 

270 
270 
780 
710 

1.120 



Par Values in Millions of Canadian Dollars 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT" 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
AND CORPORATION BONDS 



Calendar Years 

1939 
1940 

1941 
1942 

Quarters 

1942— I 

II 

III 

IV 



1943- 



I 



NEW ISSUES were payable In: 



Canada 

only 



670.0 

927). 1 
1,475.5 

2,410.1 

1,031.9 

2SS.1 

50.1 

1,040.0 

S9.2 



New York 
only 



S3. 4 

5.2 

1 l.N 

25.7 

.4 
16.6 

;>..-) 

3.3 



109.7 



Canada & 
New York 



48.5 
2 



London 



Total 



802.1 

930.6 

1,487.8 

2,442.5 

1,032.3 

304.7 

62.2 

1,043.3 

198.9 



RETIREMENTS were payable in: 



Canada 
only 



249.1 
437.7 
525.4 
397.2 

217.2 
31.4 
36.5 

112.1 

126.7 



New York 
only 



Canada Si 
New York 



21.0 

7.2 

29.5 

11.6 

2.9 
2.5 
1.1 
U 

131.1 



117.0 
18.1 
16.0 
45.8 

4.6 

5.6 

9.8 

25.7 

2.5 



Canada. 
New York 
& London 



86.7 
11.2 
21.4 
94.0 

19.5 

35.1 
1.5 

17.S 

4.5 



London 



101.2 
162.4 
1S7.4 
266.1 

170.9 
49.2 
14.9 

11.2 

1.6 



Total 



Net Increase or 

Net Decrease 

In Bonds Outstam 

Inft Payable: 



in Canada 
onlv 



Abroai 



575.0 420.9 193.1 
636.5 487.4 193.1 



779.7 
814.6 

435.2 

123.8 

83.8 

171.9 

266.4 



950.1 242.1 
2,019.0 391. 



814.7 

256.7 

19.6 

927.9 

37.5 



217.1 
75.1 
41.1 
56 A 

30.1 



* Issues payable in Foreign Currency are included at tin par ol exchange up in Sept. 15. 1939, but thereafter conversion is made on the basis of the official rat 
ul the Foreign Exchange Control Board. (1) Subject to revision. War Savings Certificates arc included. Treasury Hills are excluded from I. 11 & 111. K 
particulars of Dominion Treasury Hills see Heading IV. Because ol lack of sufficient data no tabulation of retirements by municipalities and religious institutioi 
was possible. However, the net reduction ol total iniinicip.il bonded debt less sinking funds has been tin millions of dollars) approximately 25, .HI. .to, .50, 4 
and 45. respectively in the years 1937 to iy42. For footnotes relating to more detailed matters sec Statistical Summary loi January, 1042. page 10. 



J^ 



T'KiL-AI.U i v !.-> 

VI— CANADA'S BALANCE OF PAYMENTS WITH THE STERLING AREA : 1939-42 

Dominion Bureau oj Statistics {1939-41) and House of Commons Debates 1943, p. 2621 



4U 



Millions of Canadian Dollars 



Canadian Receipts 
Current Receipts 

Exports — Munitions 

Other 

Freight and Shipping 

Interest and Dividends 

War Activities in Canada not invoking Exports 

Other Services and Miscellaneous 

Total Current Receipts 

Capital Receipts 

U.K. Fixed Capital Expenditures in Canada for War Purposes 

Other Capital Receipts by Canada 

Decrease in Canadian Sterling Balances 

Total Capital Receipts 

Total Canadian Receipts 

Canadian Payments 

Current Payments 

I niports 

Freight and Shipping 

Interest and Dividends 

Canadian War Expenditure in Sterling Area 

Other Services and Miscellaneous Current Payments 

Total Current Payments 

Capital Payments 

Official Repatriation of Securities' 5 ' 

Interest Free Loan to U.K 

Private Capital Payments inc. Purchases or Redemption 

of Securities, Cifts, Estates, etc 

Special Purchases of Cold and U.S. Dollars from the U.K 

Purchase of U.K. Munitions Plants in Canada 

Payments to Adjust Previous Transactions 

Pillion Dollar Contribution 

Increases in Sterling Balances of For. Exch. Control Bd 

Total Capital Payments 

Total Canadian Payments 

Balancing Item 

(Arising from errors <& omissions and the use of preliminary data) 



Calendar Years 



1939 



43G 

31 
5 

IT) 
487 



97 0) 



07 
584 



177 
39 

SI 

27 
324 



/•> 



10.3 
2 



182 
506 



1940 



699 

70 
3 

44 
822 



110 ( 



1941 



110 



938 



236 
36 

72 

399 

1:57 



111 
24S 



,,«■> 



82 



578 
977 



39 



1 ,098 

119 
5 

99 
1,321 



181"' 



181 



1,502 



270 
31 i 
69 

L33 
517 



ISO 



73 



728 (« 



990 
1,507 



1942 



873 

095" 

113" 

12" 
127 

10 

1,836 



58 
5 

818 (< 

881 
2,717 



226 
36 

61 (i 

191 
42 

556 



296 

700 (0 ' 



51 
23 

74 
1 ,000 

2,144 
2,700 

+ 17 



Fiscal 
Year 



1942/43 



896 

700" 
113" 

10" 
132 

15 

1,872 

31 
5 
849" 

885 

2,757 



200 

34 
59" 
248 
42 

583 



73 
700 ,6) 



48 
100 

40 

100 

1 ,000 



2,133 
2,716 

+41 



(1) In the preliminary figures available for 1942, some non-war exports include freight. Hence freight and shipping receipts are not strictly comparable 
with earlier years. 

(2) In 1942 this item includes some sundry income items previously included under the miscellaneous heading. 

(i) Capital receipts in 1939 consisted largely of increases in U.K. Canadian dollar balances arising out of the first official repatriation operations close 
to the end of the year. The reverse movement in 1940 is reflected in the Private Capital Payments item. 

(4) In 1940 and 1941 Capital receipts were comprised chiefly of U.K. fixed capital expenditures in Canada for war purposes. 

(5) Redemption in advance of maturity of Dominion & C.N.R. securities. 

(6) In 1940 and 1941 a large share of the sterling area's residual requirements of Canadian dollars was met by the F.E.C.B. accumulating sterling balances 
(see "Increases in Sterling Balances of For. Exch. Control Bd." under Capital Payments). In 1942 the greater part of this accumulation was converted 
into a $700 mm. loan to the United Kingdom. This is represented in the balance of payments by the Capital Payments item 'Interest Free Loan" 
and is offset in Capital Receipts by a corresponding reduction in F.E.C.B. balances forming part of "Decrease in Canadian sterling balances." 

(7) Under conditions of complete convertibility of currencies, the balancing item represents not only errors and omissions but also sales of sterling for 
U.S. dollars in the open market. 



41 



APRIL - MAY Kf 



VII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

a) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Steel 


News- 
print 


Central 
Electric 
Stations' 2 ' 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


June 1, 
1941 = 100 


Annual TotalsW 




















1926 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


- 


65.1 


- 


1929 


1,928 


1 ,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


— 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


- 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


_ 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22 522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,328 


2,701 


3,426 


27,701 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,800 


3,121 


3,177 


32,412 


281.6 


3,387 


149.5 


113.6 


128..] 


12-Months Ending 

Apr. 1943 


4,589* 


3,076 


2,945 


33,159 


275.5 


3,374 


151.2 


116.3* 


133.7* 


Monthly 

1942— Jan. 


405.7 


259.0 


3 1 1 .9 


2,757 


12.9 


272.0 


151.1 


10S.4 


112. r 


Feb. 


375.6 


242.9 


278.1 


2,480 


11.1 


248.6 


142. S 


108.2 


lis.:; 


Mar. 


439.2 


265.9 


295.8 


2,741 


17.9 


271.3 


156.9 


108.0 


119.3 


Apr. 


420.8 


265.0 


277.7 


2,628 


22.5 


272.9 


148.8 


108.0 


121.4 


1943— Jan. 


334.5 


207.0 


233.5 


2,884 


12.0 


237.3 


147. 8 


120.1 


131.9 


Feb. 


327.4 


245.6 


221.8 


2,638 


19.0 


247.4 


154.5 


US. 5 


139.5 


Mar. 


347.7 


271.0 


246.9 


2,969 


11.1 


286.3 


164.2 


118.7 


143.2 


Apr. 




264.4 


229.6 


2,860 


16.0 


280.2 


153.1 







(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power, 
of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Mar.. 194.V 



(?) First of Month. (4) Average of months in case 



VIII— WHOLESALE PRICES 

Index 1926 = 100 



CANADA 

Dominion Bureau of Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Averageof Mtlis. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


7S.2 


78.6 


1939 


64.3 


67 A 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


SI. 5 


82.9 


1941 


71.2 


81.8 


S9.5 


ss.s 


90.0 


1942 


S2.5 


90.1 


98.0 


92.0 


95.7 


Monthly 












1942-Apr. 


SI. 4 


88.7 


9(1.2 


91.9 


95.0 


May 


SO. 2 


S9.1 


96.5 


91.6 


95.2 


June 


SI. 5 


90. li 


98.6 


91.5 


95.8 


July 


Sl.l 


90.5 


100.2 


91.9 


91.1 


Aur. 


SI. 3 


89.8 


97.2 


9I.S 


95.5 


Sept. 


84. 3 


90.5 


98.5 


92.0 


95.8 


Oct. 


S5.7 


92.0 


100.7 


92.2 


96.6 


Nov. 


86. 5 


92. li 


101 .S 


92.5 


97.0 


Dec. 


87. 1 


92.7 


101.6 


92.7 


97.0 


1943 [an. 


87.7 


93.0 


100.0 


92.7 


97.1 


Feb. 


88.5 


93.8 


100.7 


92. S 


97.5 


Mar. 


91.2 


95.6 


101.4 


93.4 


98.5 


Apr. 


92.3 


97.1 


101.9 


92.9 


98.9 



U.K. 


Board of Trade™ 


Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


S3.fi 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.2 


12S.S 


128.7 


130.7 


128.7 


133.0 


129.5 


131.2 


128.8 


129.S 


129.1 


126.7 


128.2 


126.3 


128.2 


127.1 


129.0 


129.:; 


129.8 


130.1 


130.2 


130.6 


130.8 


L30.7 


130.8 


130.9 


130.9 


131.9 


131.4 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

ra 


) Total 


100.0 


100.0 


100.0 


100.0 100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


S6.4 


84. S 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


SO. 4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


S2.4 


s:].^ 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 




98.8 


104.5 


100.0 


9S.7 


98. 7 


98.7 


101.1 


99.7 


98.9 


99.0 


98.8 


10-1,1 


99.8 


99.3 


98.6 


98.6 


105.3 


KKi.i 


99.2 


98.6 


98.7 


10(1.1 


101.2 


100.S 


us g 


99.2 


1(17. s 


102.2 


102.1 


99.2 


99.6 


L09.0 


L03.0 


103.4 


99.4 


100.0 


1 10.5 


L03.9 


103.5 


00. 1 


100.3 


1 L3.8 


106.1 


mi.:; 


OO.d 


101.0 


1 17.0 


L08.2 


105.2 


100.1 


101.9 


1 19.0 


109.(1 


L05.8 


mo.:; 


102.5 


L22.8 


112.0 


107.4 


100.5 


103.4 


123.9 


1 12.S 


10S.I 


100.6 


103.7 



(1) Adjusted to 1926=100 from base 1913=100 in 1926-29 and from base 1930=100 in 19J0 and thereafter. (2) Bureau of Labor Statistics Index of 
Prices of Finished Products. 



I'KIl. - MAY \'>U 



42 



IX— EMPLOYMENT INDEXES' 







Dominion Bureau of Statistics : Unadjusted I 


idex: l')Zo 


= 100 










MANUFACTURING 


Mining 


Transpor- 
tation 


Con- 
struction 
and Main- 
tenance 


Trade 


Total 


Foods 


Forest 
Industries 

Hi 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 
Manufac- 
turing 


all 
Industries 


YveraBcof Months'" 

1926 


100.0 


100.0 


1 00.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


120.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.0 


90.1 


62.5 


59.0 


92.5 


97.5 


79.0 


71.0 


112.1 


83.4 


1937 


118.0 


117.0 


125.0 


98.6 


115.8 


128.8 


153.2 


S5.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


ION. 9 


129.3 


155.9 


84.4 


105.4 


132.0 


111.8 


1939 


121.2 


100.9 


121.5 


SO. 5 


110.0 


132.0 


103.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


1 14.1 


115.7 


151.0 


144.3 


108.4 


NO. 7 


90.7 


142.9 


124.2 


1941 


150.2 


1 34 . 1 


159.2 


175.8 


249.3 


185.5 


170.0 


98.9 


120.0 


156.5 


152.3 


1942 


159.7 


139.4 


100.0 


229.3 


394.4 


235.3 


171.3 


105.5 


130.:; 


150.1 


173.7 


vcr. 12-mths. ending 

Mar. 1943 


159.9 


137.5 


100.5 


24 1 . 1 


424.4 


247.0 


167.5 


107.5 


133.2 


154.9 


177.9 


First of Monti] 

1911— Nov. 


177.5 


140.9 


166.4 


196.4 


303.0 


206.8 


1S5.0 


102.8 


147.7 


103.4 


167.6 


Dec. 


166.1 


150.0 


165.6 


203.7 


315.0 


209.3 


183.5 


104.1 


143.1 


107.1 


168.8 


1912— Jan. 


154.5 


148.8 


101.8 


200.9 


321.1 


210.3 


177.8 


101.1 


124.7 


172.4 


165.8 


Feb. 


150.9 


150.0 


165.6 


21 0.N 


340.4 


215.1 


176.8 


98.2 


118.1 


150.8 


165.4 


Mar. 


148.7 


150.0 


166.3 


216.8 


352.0 


223.8 


170.4 


97.5 


103.7 


151.7 


165.1 


1912— Nov. 


107.4 


130.1 


105.9 


245.7 


435.9 


256.5 


103.0 


1 10.0 


154.9 


156.5 


183.3 


Dec. 


103.7 


144.2 


100. 1 


25 1 . 1 


450.4 


262.4 


102.0 


109.4 


151.3 


104.5 


186.5 


19 13— Jan. 


155.2 


144.7 


161.6 


255.2 


446.9 


261.9 


102.4 


107.8 


132.1 


169.9 


183.7 


Feb. 


151.3 


140.9 


165.3 


259.(1 


458.5 


264.0 


101.4 


105.5 


125.7 


149.3 


181.2 


Mar. 


150.3 


141.1 


165.5 


261.4 


408.3 


263.6 


102.2 


107.1 


122.0 


147.1 


181.5 



\s reported by establishments with not less than 15 employ! 



(1) Average Jan. 



1. i 2) Lumber and Products, Pulp and Paper Products and Logging. 



X— GRAINS : ACREAGE AND PRODUCTION : 1928-43 

Dominion Bureau of Statistics 



WHEAT 



mm. bus. mm. acres 



mm. Ints. nun. acres 



BARLEY 



mm. bus. mni. acres 



RYE 



mm. bus. mm. acres 



FLAXSEED 



mm. bus |tnm. acres 



OTHER GRAINS 



mm. bus. |mm. acres 



(2 
SUMMER 
FALLOW 



mm. acres 



Total 



mm. acres 



TOTAL CANADA 



1 928 


566.7 


24.1 


452.2 


13.1 


136.4 


4.9 


14.6 


.8 


3.6 


.4 


55.3 


1.7 


10.1 


55.1 


1932 


443.1 


27.2 


391.6 


13.1 


80.8 


3.8 


8.5 


.8 


2.7 


.5 


52.5 


1.7 


13.0 


60.1 


1930 


219.2 


25.0 


271.8 


13.3 


71.9 


4.4 


4.3 


.0 


1.8 


.5 


48.3 


1.7 


10.9 


63.0 


1937 


180.2 


25.0 


268.4 


13.0 


83.1 


4.3 


5.8 


.9 


.8 


2 


49.3 


1.7 


14.8 


60.6 


193S 


360.0 


25.9 


371.4 


13.0 


102.2 


4.5 


11.0 


.7 


1.3 


2 


53.9 


1.7 


15.1 


61.4 


1939 


520.6 


20.8 


384.4 


12.8 


103.1 


4.3 


15.3 


1.1 


2.0 


.3 


59.0 


1.7 


14.7 


61.8 


1940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


.1 


56.8 


1.7 


15.0 


64.1 


1941 


314.8 


22.0 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


19.7 


63.3 


1942J 


592.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1 .3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943** 




17.1 




15.5 




8.1 




.8 




2.5 




* 


20.0 





PRAIRIE PROVINCES 



L928 


544.5 


23.1 


297.7 


8.1 


112.7 


4.2 


13.3 


.7 


3.5 


A 


1.5 


_ 


10.1 


46.6 


1932 


423.0 


26.4 


245.8 


8.5 


63.1 


3.2 


7.4 


.7 


2.6 


.5 


1.5 


.1 


13.0 


52.4 


1930 


202.0 


24.8 


135.9 


8.7 


52.6 


3.7 


3.3 


.5 


1.7 


.5 


.8 




10.9 


55.1 


1937 


156.8 


24. 


142.3 


8.5 


62.4 


3.6 


4.4 


.8 


.7 


•) 


1.1 


.1 


14.8 


52.7 


1938 


336.0 


24.9 


232.0 


8.5 


80.2 


3.7 


9.3 


.7 


1.2 


2 


1.7 


.1 


15.4 


53.5 


1939 


494.0 


25.8 


231.5 


8.3 


81.0 


3.6 


13.7 


1.0 


2.0 


..) 


2.0 


.1 


14.7 


53.9 


1940 


513.8 


27.8 


229.0 


7.8 


83.0 


3.0 


12.3 


.9 


2.9 


.4 


1 .9 


.1 


15.6 


56.2 


1941 


296.0 


21.1 


1 78.0 


8.1 


94.7 


4.7 


10.0 


.9 


5.6 


1.0 


4.4 


2 


19.7 


55.8 


I942f 


565.0 


20.7 


500.0 


9.7 


241.0 


0.4 


23.0 


1.2 


14.7 


1.5 


7.4 


.3 


20.0 


59.7 


1943** 




10.3 




11.5 




7.5 




.7 




2.5 




* 


20.0 





I Buckwheat, mixed grains and corn for husking. (2) Prairie Provinces only, t Preliminary. ** Estimate. * Not available. 



■TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 

I Bank of Canada : 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Doni. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S. A 

Yields of ' Doni. Govt. Bonds, Canada, U.K. and U.S.A. 



IV Bond Issues and Retirements 



V Population by Age Groups 

Population by Age Groups: 1881-1941 

VI Business Activity 

Yll Wholesale Prices 

VIII Retail Merchandise Sales . . . 

Retail Merchandise Sales: Value 

IX Central Electric Stations .... 
Installed Capacity and Output 

X Newsprint: North America .... 
Newsprint: North America 



XI Employment and Payrolls .... 

XII U.S.A. Statistics 

Banking, Security Market, Production, Income and Prices 



Pages 
13 - 44 



45 - 4G 
43 
44 
45 

i<; 



47 
47 
48 

48 

49 

50 

50 

51 

51 

52 
52 

53 
53 

54 

5 1 



56 
56 



TABI.KS AND CHARTS MAY BE REPRODUCED OK REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 

Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Hank of Canada, Ottawa. 



JUNE - JULY 1943 



43 



; 












Jl M-. - Jl 1. 


\ lT 


Millions of Dollars 














i4a 








LIABILITIES 






1 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


h 

;st 

or 

Li.ii] 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


•4 


193(5-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


!2 


1937- 


49. X 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


'2 


1938- 


56.0 


199.6 


255.6 


22.8 


2.1 


105.9 


12.5 


•9 


1939- 


00.9 


209.2 


270.1 


32.1 


9.5 


122.9 


11.1 




1940- 


77.9 


213.7 


291.6 


43.7 


10.3 


194.3 


14.4 




1941- 


100.(5 


217.2 


317.8 


54.9 


7.2 


301.2 


17.0 




1942- 


120.1 


226.5 


346.6 


64.7 


16.8 


444.7 


22.1 


• i4 


1942— Mar. 


110.7 


238.1 


348.8 


242.7 


10.9 


390.4 


17.S 


1,10 


Apr. 


113.4 


218.8 


332.2 


95.1 


13.0 


401.4 


26.2 


■c 


May 


118.1 


199.7 


317.8 


109.2 


14.7 


404.4 


19.7 


;.5 


June 


117.6 


201.0 


318.6 


38.6 


17.2 


416.0 


21.1 


ii 


1943— Mar. 


118.7 


254.1 


372.8 


22.5 


23.5 


588.9 


18.9 


1,(6 


Apr. 


132.1 


258.0 


390.1 


45.1 


30.1 


602.6 


20.1 


1,(8 


May 


141.5 


315.4 


456.9 


79.0 


26.1 


605.3 


27.6 


1,5 


June 


131.1 


303.7 


434.8 


(IS. 2 


20.1 


620.9 


2(1.7 


i,:o 


Wednesdays 

July 7 


140.1 ,2) 


306.8 


446.9 (2 > 


112.5 


22.4 


(125.4 (2) 


2(i.:', 


1,21 


14 


147.3 (2) 


312.2 


459.5 21 


121.6 


15.6 


620.1 <2) 


37.0 


1,33 


21 


146.9 (2) 


294.4 


441.3 2 ' 


59.2 


17.1 


621.1 <2) 


23.2 


i,:i 


28 


151. O) 


276.1 


427.1 (2) 


(12.2 


14.0 


622.1 <2 » 


22.3 


1,117 


(1) Includes "Other Seeurit 
and necessary working bah 


es". (2) Estimate 
inces. were sold tc 


s. *May. 1940 an 
> the Foreign Exc 


d subsequent figu 
lange Control Bo 


res give effect to t 
ard, and the Ban 


le enactment, under the War Measures Act. of the Foreuffl 

c'a minimum gold reserve requirement was temporarily di> ;i 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION 1939-43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4900 



4300 



3700 



3100 



2500 

















MONTHLY AVERAGE OF DAILY FIGURES 


































* w 






















f\ / 










y' \ 












NADIAN DEPOSITS 








































| 


| 




. 



4900 






4300 



3700 



3100 



2500 



DMJ SDMJSDMJSDMJS 

1939 1940 1941 1942 

* < hartered Bank note circulation and Bank of Canada notes in public circulation. 



D M J S D 

1943 



"in 


l- JULY 1943 


















Ian ad a 














Millions of Dollars 










ASSETS 








Reserve 


Securities 


Advances 


All 
Other 








Foreign 
Currencies 


Total 
Reserve 


Reserve 


Dom.-Prov 


Dom.-Prov. 








Silver 


Ratio 

% 


Under 
2 yrs. 


Over 

2 yrs. 


Total" 




Accounts 






















Average of 






















Wednesday Figures 


i 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9 Mths. 


1 


1.8 


11.4 


192.9 


67.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths. 


■) 


2.5 


20.4 


204.8 


57.11 


57.9 


9S.4 


162.2 


- 


5.1 


1937- 


1 


.9 


28.7 


210.6 


54.50 


122.5 


53.0 


181.2 


.9 


6.3 


1938- 





- 


43.2 


252.7 


58.15 


139.4 


46.3 


185.7 


.1 


7.2 


1939- 






* 


* 


* 


* 


* 


* 








; 


— 


36.7 


111.9 




323.9 


109.0 


433.0 


1.3 


8.0 


1940- 




- 


88.8 


88.8 




444.1 


149.0 


593.1 


.7 


15.5 


1941- 




- 


122.6 


122.6 




505.9 


246. S 


752.7 


.5 


18.9 


1942- 




_ 


434.4 


434.4 




342.0 


210.0 


551.9 


.8 


23.5 


Mar.- 1942 




- 


235.0 


235.0 




39S.4 


214.9 


613.3 


.7 


19.0 


Apr. 




- 


193.6 


193.6 




427.6 


222.0 


649.6 


- 


22.5 


May 




- 


.4 


.4 




4S0.1 


315.3 


795.4 


- 


15.8 


June 




— 


.3 


.3 




742.9 


2(57.7 


1,010.6 


— 


15.7 


Mar. -1943 




- 


.7 


.7 




797.3 


275. (i 


1,072.9 


- 


14..') 


Apr. 




-. 


10.7 


10.7 




S4S.0 


292.7 


1,140.7 


.■> 


43.9 


May 




— 


32.5 


32.5 




S14.0 


307.2 


1,121.2 


— 


16.9 


June 

Wednesdays 




- 


65.5 


65.5 




S25.1 


322.7 


1,147.9 


- 


20.1 


July 7 




- 


65.5 


65.5 




838.3 


330.5 


1,168.8 


- 


19.5 


14 




- 


.5 


.5 




812.] 


329.9 


1,142.0 


- 


19.4 


21 




- 


.5 


.5 




799.3 


332.4 


1,131.7 


— 


1 5.5 


28 



44 



in Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS: 1939-43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4800 



4200 



3600 




3000 



2400 



* See note (3) 



45 



Jl-NK - JULY 



II— CI 



Millions of Dollars 





LIABILITIES 






Notes 


Deposits 


Cash 

in 


Securities 1 








Dom. 


Canadian 




Total 


DOM .-PROV. 








Demand 


Time 


and Prov. 


Deposits'" 


Foreign 


Deposits' 2 ' 


Canada' 3 ' 




* 




Under 2yrs. 


Over 2 yrs. 


Average of 






















- 


Month-end Figures 
























1926 


169 


553 


1,341 


53 


1 ,958 


330 


2,333 


197 


344 




1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 




1935 


126 


569 


1,445 


65 


2,104 


348 


2,476 


216 


407 


454 




1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 




1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 




1938 


100 


690 


1 ,630 


94 


2,449 


408 


2,892 


252 


447 


696 


2 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 




1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 




1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 




End of 
























1942— Feb. 


74 


1,271 


1 ,664 


246 


3,177 


456 


3,700 


317 


954 


769 • 




Mar. 


74 


1,144 


1 ,550 


611 


3,302 


473 


3,843 


341 


724 


920 


-'; 


Apr. 


74 


1 ,232 


1,537 


493 


3,251 


486 


3,820 


315 


707 


934 


2. 


May 


74 


1,133 


1,556 


429 


3,106 


496 


3,682 


279 


703 


915 


2' 


June 


74 


1,289 


1,598 


234 


3,115 


506 


3,694 


320 


789 


837 


2: 


1943— Feb. 


58 


1,512 


1 ,795 


226 


3,466 


550 


4,161 


350 


1,301 


779 




Mar. 


55 


1 ,659 


1,890 


268 


3,750 


550 


4,443 


370 


1 ,657 


715 




Apr. 


53 


1,800 


1,926 


257 


3,923 


563 


4,628 


393 


1,786 


■ 719 


}! 


May 


51 


1 ,452 


1,732 


968 


4,090 


568 


4,799 


435 


-1,581 


-830 


1 


June 


50 


1,539 . 


1,782 


780 


4,064 


583 


4,764 


415 


1 ,566 


S05 


41 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and «j| 

CHARTERED BANKS : CANAD IAN DEPOSITS : 1939- 43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2500 



2000 



1500 



2000 




1000 



DMJSDMJSDMJS 
1939 1940 1941 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



'[iNE -JULY 194 J 



46 





















ASSETS 














Loans 






Total 

Assets 


jl 


CANADA 


ABROAD 


Call 


Current 
Public 


Current 
Other 


Call 


Current 




140 


934 


87 


250 


261 


2,864 


1 


267 


1 ,343 


112 


301 


248 


3,528 


: 


117 


1,032 


165 


84 


172 


2,869 


. 


82 


829 


134 


72 


146 


2,957 




93 


699 


121 


64 


150 


3,145 


i 


107 


732 


117 


68 


165 


3,317 


1 


67 


786 


129 


51 


158 


3,349 


1 


55 


855 


133 


48 


145 


3,592 


! 


44 


969 


122 


44 


138 


3,707 


' 


34 


1,091 


95 


44 


133 


4,008 


i 


29 


1,075 


80 


56 


127 


4,400 


» 


30 


1 ,055 


SO 


46 


140 


4,208 




34 


1,213 


87 


50 


141 


4,352 


1 


32. 


1,156 " 


96 


53 


142 


4,320 


r 


29 


1,115 


100 


62 


139 


4,182 


t 


28 


1,049 


88 


54 


134 


4,195 


) 


29 


979 


65 


86 


105 


4,638 


> 


24 


936 


67 


81 


112 


4,914 


i 


* 25 


- 905 


. 66 


.91 


"^114 


5,091 


* 


n33 


* 1,154 


70 


- 89 


-.109 


5,269 


r 


42 


1,148 


67 


67 


103 


5,234 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




Canada <3) 


Deposits* 4 ' 


Canadian 
Deposits 


Note 
Circulation (5) 












Average of 
Daily Figures 


192 


1 ,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1 ,955 


8.8 


158 


1932 


216 


2,104/ 


10.3 


169 


1935 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


254 


2,412 


10.5 


205 


1938 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


314 


3,125 


10.0 


456 


Feb. -1942 


337 


3,253 


10.4 


470 


Mar. 


331 


3,247 


10.2 


477 


Apr. 


307 


3,136 


9.8 


488 


May 


312 


3,058 


10.2 


496 


June 


373 


3,441 


10.8 


624 


Feb .-1943 


378 


3,605 


10.5 


646 


Mar. 


384 


3,781 


10.2 


666 


Apr. 


446 


3,976 


11.2 


665 


May 


435 


3,981 


10.9 


670 


June 



ures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
artered Bank note circulation and Bank of Canada notes in public circulation. 



HARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV SECURITIES : 1939 -43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4300 



3700 




4300 



3700 



2200 



1600 



1000 



47 



JINK - JULY i! 



Ill— SECURITY PRICES 

Bank of Canada 





Dominion of Canada Bonds Payable in Canada Only 

Middle of the market quotations 




Average of Business Days 


15th of Each Month 




l\i% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 
9 Year 
Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 
1939 
1940 
1941 
1942 

Monthly 

1942— July 
Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1943— Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 


100.41 

99.97 

98.90 

100.83 

101.44 

101.50 
101.50 
101.35 
101.20 
101.17 
101.59 

101.85 
102.37 
102.43 
102.38 
102.38 
102.67 
102.75 


3.22 
3.23 
3.31 
3.18 
3.12 

3.12 
3.11 
3.13 
3.14 
3.14 
3.10 

3.08 
3.03 
3.03 
3.03 
3.03 
3.03 
2.99 


99.01 
98.14 
97.05 
98.96 
99.61 

99.79 
99.74 
99.63 
99.62 
99.55 
99.64 

99.81 
100.09 
100.25 
100.15 
100.13 
100.22 
100.42 


3.08 
3.15 
3.25 
3.09 
3.04 

3.02 
3.02 
3.04 
3.04 
3.04 
3.03 

3.02 
2.99 
2.96 
2.98 
2.98 
2.96 
2.93 


3.09 
3.16 
3.28 
3.10 
3.06 

3.05 
3.05 
3.06 
3.07 
3.08 
3.06 

3.05 
3.03 
3.01 
3.00 
3.00 
3.00 
3.00 


2.76 
2.90 
2.95 
2.92 
3.03 

3.03 

3.02 
3.03 
3.03 
3.03 
3.00 

2.94 
2.85 
2.83 
2.83 
2.83 
2.81 
2.79 


1.91 
2.13 
2.16 
2.12 
2.18 

2.16 
2.17 
2.21 
2.22 
2.21 
2.22 

2.22 
2.21 
2.21 
2.21 
2.22 
2.22 
2.23 


1.13 
1.54 
1.48 
1.40 
1.48 

1.47 
1.46 
1.48 
1.49 
1.49 
1.48 

1.52 
1.52 
1.51 
1.50 
1.50 
1.50 
1.50 



2.0% 



2.5% 



3.0% 



35%^ 



YIELDS OF DOMINION GOVERNMENT BONDS : 1940-43 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 




JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 



3 5% 



1940 



1941 



1942 



1943 



JNE-JULY 1943 



48 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rat 


: Nearest 15 th of Month 




Canada* (1) 


U. K.* 0) 


U.S.A.* o) 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 


99.71 


3.15 


_ 









.590 


.611 


.053 


1939 


99.0G 


3.19 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


97.98 


3.28 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


99.90 


3.14 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


100.53 


3.08 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


Monthly 

1942— July 


100.G5 


3.07 


101.93 


2.80 


103.09 


2.24 


.535 


.999 


.365 


Aug. 


100.62 


3.07 


101.74 


2.82 


103.00 


2.24 


.534 


1.003 


.372 


Sept. 


100.49 


3.09 


101.86 


2.81 


103.09 


2.23 


.531 


.995 


.368 


Oct. 


100.41 


3.09 


101.67 


2.82 


103.20 


2.22 


.529 


1.000 


.373 


Nov. 


100.36 


3.09 


101.71 


2.82 


103.16 


2.22 


.525 


1.002 


.373 


Dec. 


100.62 


3.07 


101.95 


2.79 


102.94 


2.24 


.521 


1.002 


.367 


1943— Jan. 


100.83 


3.05 


102.28 


2.76 


103.59 


2.18 


.514 


1.001 


.363 


Feb. 


101.23 


3.01 


101.90 


2.79 


103.72 


2.17 


.508 


1.000 


.372 


Mar. 


101.34 


3.00 


101.67 


2.82 


103.50 


2.19 


.498 


1.001 


.371 


Apr. 


101.27 


3.01 


101.23 


2.87 


103.72 


2.17 


.498 


1.012 


.373 


May 


101.26 


3.01 


100.57 


2.94 


103.97 


2.14 


.498 


1.001 


.372 


June 


101.45 


3.00 


100.47 


2.95 


104.09 


2.13 


.497 


1.003 


.374 


July 


101.59 


2.96 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 



* Differing coupon rates and maturity provisions, and the fact that the U. S. Treasury issue is exempt from "normal" income tax, vitiate any direct 
comparison of absolute yield levels. 

(1) Average of Dominion of Canada 3% due June 1, 1950-55 and i\i% due June 1, 1956-66. 

(2) United Kingdom 3% due Jan. 15, 1954-58; price excluding accrued interest. 

(3) U. S. Treasury 2Y 2 % due Mar. 15, 1956-58. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1942-43 

Daily Opening Quotations 




49 



JUNE - JULY 1<? 



IV 



Par Values in Alillions of Canadian Dollars 



BOND ISSUES AND RETIREMENTS 

, Bank of Canada 



Calendar Years 

1940 
1941 
1942 

First Half 
1940 

1941 
1942 
1943 

Quarters 

1943— I 
II 



I-Dominion Direct & Guaranteed 
and Other C.N.R. 



New Issues 

706.4 
1,384.3 
2,265.2 

363.6 

1,144.4 
1,236.6 

1,445.7 

119.4 
1,326.4 



Retirements 

416.9 
597.6 
534.9 

218.2 
230.6 
438.5 
216.3 

184.1 
32.2 



Net New 

Issues or 

Retirements 



289.5 

786.8 

1,730.3 

145.4 

913.9 

798.1 

1,229.4 

64.7 
1,294.1 



II-Provincial Direct and Guaranteed 



New Issues 



New 



79.5 
30.4 
13.5 

68.8 

23.6 

7.3 

3.7 

3.7 



Refunding 



89.6 

51.5 

129.6 

,34.3 
21.1 
61.1 
80.0 

59.7 
20.3 



Retirements 



Refunded 



81.4 

66.5 

133.0 

33.2 
40.5 
20.1 

78.5 

54.0 
24.4 



Other 



28.1 
34.0 
41.9 

12.0 
19.6 
18.8 
28.2 

10.7 
17.4 



Net New 

Issues or 

Retirement 



59.7 

18.6 
31.9 

57.9 
15.5 
29.5 

23.0 

1.4 
21.6 





III-CORPORATIONS 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 

1940 


36.X 


18.3 


17.7 


92.3 


54.9 


1941 


17.5 


3.8 


3.8 


78.8 


61.3 


1942 


6.8 


39.1 


41.7 


70.9 


66.8 


First Half 

1940 


31.9 


18.1 


17.5 


51.7 


19.2 


1941 


8.6 


2.1 


1.9 


48.2 


39.3 


1942 


2.0 


32.3 


34.7 


52.0 


52.5 


1943 


14.9 


33.7 


6.8 


45.9 


4.0 


Quarters 

1943- I 


12.9 


5.7 


_ 


16.5 


2.1 


II 


2.0 


28.0 


6.8 


29.4 


6.2 



I+II+I1I 



Net New 

Issues or 

Retirements 



294.2 

706.8 

1,631.6 

184.1 

859.1 

775.1 

1,202.4 

64.0 
1,266.4 



iv-dominion 
Treasury Bills ani 
Deposit Certificati 



Net New 

Issues or 

Retirements 



75 

40 

440 



75 



360 

410 

50 



Total 
outstandini 

Year End 

230 

270 

710 

End First H;' 
230 

230 
270 

1,070 

End of Quart 

1,120 
1,070 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 1 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
AND CORPORATION BONDS 



Par Values in Millions of Canadian Dollars 



NEW ISSUES were payable In: 



Canada 


New York 


Canada & 




only 


only 


New York 




925.1 


5.2 


2 


.1 


1,475.3 


11.8 


- 


.4 


2,427.5 


26.1 


.6 


- 


511.6 


5.0 


_ 


.1 


1,188.6 


11.1 


- 


.2 


1 ,322.2 


17.0 


- 


- 


1,446.9 


131.1 


- 


- 


91. (i 


109.7 


_ 


_ 


1,355.3 


21.4 


— 


— 



Total 



RETIREMENTS were payable in: 



Canada 
only 



New York 
only 



Canada & 
New York 



Canada, 
New York 
& London 



London 



Total 



Net Increase or 

Net Decrease 

In Bonds Outstant 

Inft Payable : 



in Canada Abroa< 
only 



Calendar Years 

1940 
1941 
1942 

First Half 
1940 

1941 
1942 
1943 

Quarters 

19-13 - - I 
II 



930.6 
1,487.5 
2,454.2 

516.7 
1,199.9 
1,339.2 
1,578.0 

201.3 
1,376.7 



437.6 
526.1 
401.7 

275.5 
240.2 
252.7 
207.6 

125.3 
82.3 



7.2 
29.5 
11.9 

4.3 

26.5 

5.4 

132.1 

131.1 
1.0 



18.1 
16.0 
47.2 

11.1 
8.0 

11.1 

11.8 

2.1 
9.7 



11.2 
21.4 
96.8 

4.9 

9.2 

74.6 

16.5 

4.5 
12.0 



162.4 
187.7 
264.9 

36J 

56.9 

220.3 

7.5 

2.3 
5.2 



636.4 
780.7 
822.6 

332.5 
340.8 
564.1 
375.5 



487.5 

949.2 

2,025.7 

236.1 

948.4 

1,069.5 

1,239.3 



265.3 33.7 
110.3 1,273.0 



193.: 
242.4 
394.2 

52.C 

89.3 

294.4 

36.9 

30.3 
6.5 



* Issues payable in Foreign Currency an- converted at the official rates of the Foreign Exchange Control Board. (I) Subject to revision. War Savings 
ficatea ate included. Treasury Bills are excluded from I. 11 & 111. For particulars of Dominion Treasury Bills sec Heading IV. Because of lack 
data no tabulation of retirements by municipalities and religious institutions was possible. However, the net reduction of total municipal bonded debt less - 
funds has been (in millions of doll. u si approximately 25. .to, 39, 30, 17. and 45. respectively in the years 1°.'7 to 1°4.'. For footnotes relating to mori 
matters sec Statistical Summary for January. 1942, page 10. 



I X i: - JULY 1943 



50 



Thousands 



V— POPULATION BY AGE GROUPS 

Dominion Bureau of Statistics 





1881 


1891 


1901 


1911 


1921 


1931 


1941 


- 4 Years 


590 


604 


643 


887 


1 ,058 


1,074 


1 ,052 


5-9 " 


555 


586 


616 


783 


1,049 


1,133 


1 ,046 


10 - 14 " 


507 


549 


5S0 


700 


913 


1,074 


1,101 


15 - 19 " 


477 


513 


553 


680 


802 


1,040 


1,120 


20 - 24 " 


429 


473 


509 


706 


711 


911 


1,032 


25 - 29 " 


332 


388 


423 


658 


686 


786 


967 


30 - 34 " 


261 


320 


363 


555 


653 


709 


S44 


35 - 39 " 


229 


270 


331 


468 


632 


688 


760 


40 - 44 " 


193 


232 


290 


390 


527 


646 


677 


45 - 49 " 


169 


196 


239 


331 


435 


585 


635 


50 - 54 " 


141 


171 


204 


285 


362 


489 


592 


55 - 59 " 


110 


130 


161 


213 


280 


367 


507 


60 - 64 " 


97 


120 


141 


178 


239 


295 


407 


65 Years and Over 


176 


219 


269 


334 


419 


576 


768 


Total* 


4,325 


4,833 


5,371 


7,207 


8,788 


10,377 


11,507 



* Includes persons with ages not stated. 



POPULATION BY AGE GROUPS: 1881 -1941 
PERCENT OF TOTAL POPULATION 




51 



JUNE - JULY 19<T 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 


Aggregate 
Payrolls 




Gold 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations* 2 ' 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


June 1, 
1941 = 100 


June 1, 
1941 = 100 


Annual TotalsW 




















192G 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


- 


65.1 


— 


1929 


1,928 


1,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


— 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


_ 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,328 


2,701 


3,426 


27,701 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,800 


3,121 


3,177 


32,412 


281.6 


3,387 


149.5 


113.6 


128.3 


12-Months Ending 

June 1943 


4,380* 


3,061 


2,963 


33,815 


248.8 


3,385 


150.9 


117.8* 


136.9* 


Monthly 

1942— Mar. 


439.2 


265.9 


295.8 


2,741 


17.9 


271.3 


156.9 


108.0 


119.3 


Apr. 


420.8 


265.0 


277.7 


2,628 


22.5 


272.9 


148. 8 


108.0 


121.4 


May 


.425.2 


272.2 


251.8 


2,657 


23.9 


283.4 


140.1 


109.5 


123.8 


June 


424.4 


254.2 


242.8 


2,582 


46.8 


286.5 


134.1 


112.3 


125.3 


1943— Mar. 


347.7 


271.0 


246.9 


2,969 


11.1 


286.3 


164.3 


118.7 


143.2 


Apr. 


323.1 


264.4 


229.6 


2,860 


16.0 


280.2 


153.4 


118.1 


144.3 


May 


313.4 


271.7 


254.0 


3,003 


23.5 


283.8 


138.6 


116.5 


139.8 


June 




239.5 


257.8 


2,892 


20.5 


297.9 


130.6 







(1) Source: Newsprint Association of Canada. . (2) Total output less exports and secondary power, 
of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending May, 1943. 



CANADA 

Dominion Bureau of Statistics 



VII— WHOLESALE PRICES 

Index 1926 = 100 

U.K. 

Board of Trade n) 



U.S.A. 

Bureau of Labor Statistics 





Farm 


Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


09.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


(17.1 


73.9 


75.3 


75.4 


1940 


67.1 


75.:: 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


S9.5 


SS.8 


90.0 


1942 


82.5 


90.1 


98.0 


92.0 


95.7 


Monthly 












1942-June 


81.5 


90.6 


98.6 


91.5 


95.8 


July 


81.1 


90.5 


100.2 


91.9 


96.1 


Aug. 


SI. 3 


89.8 


97.2 


91.8 


95.5 


Sept. 


84.3 


90.5 


98.5 


92.0 


95.8 


Oct. 


85.7 


92.0 


100.7 


92.2 


96.6 


Nov. 


Mi..") 


92.6 


101.8 


92.5 


97.0 


Dec. 


87.1 


92.7 


101.6 


92.7 


97.0 


1943-Jan. 


87.7 


93.0 


100.0 


92.7 


97.1 


Feb. 


88.5 


93.8 


100.7 


92. S 


97.5 


Mar. 


91.2 


95.6 


101.4 


93.4 


98.5 


Apr. 


92.3 


97.1 


101.9 


92.9 


98.9 


May 


92. S 


97.9 


102. 6 


92.8 


99.2 


June 


91.1 


9S.5 


L03.1 


92.9 


99.5 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.2 


12S.S 


128.7 


131.2 


128.8 


129.8 


129.1 


126.7 


128.2 


126.1 


128.2 


127.4 


129.0 


129.3 


129.8 


130.1 


130.2 


130.6 


130.8 


130.7 


130.8 


130.9 


130.9 


131.9 


131.4 


L32.7 


131.8 


131.9 


131.6 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 

(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


4S.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


S2.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


S2.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


104.4 


99.8 


99.3 


98.6 


98.6 


105.3 


100.1 


99.2 


9S.6 


98.7 


106.1 


101.2 


100.8 


98.9 


99.2 


107.8 


102.2 


102.4 


99.2 


99.6 


109.0 


103.0 


103.4 


99.4 


100.0 


110.5 


103.9 


103.5 


99.4 


100.3 


113.S 


106.1 


104.3 


99.6 


101.0 


117.0 


L08.2 


105. 2 


100.1 


101.9 


119.0 


109.6 


L05.8 


100.3 


102.5 


122.S 


112.0 


L07. 1 


100.5 


103.4 


123.9 


112.8 


L08.4 


100.6 


103.7 


125.7 


11 1.0 


110.5 


.100.7 


104.1 


12(1.2 


114.3 


109.(1 


100.1 


103.8 



(3) First of Month. (4) Average of months in case 



(0 Adjusted to 1926=100 from base 1913; 
Prices of Finished Products. 



100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 



n 



T\JNE-JULY VHA 



52 



VIII— RETAIL MERCHANDISE SALES : VALUE 

Dominion Bureau of Statistics 
Index 1935-39 = 100 





SEASONALLY ADJUSTED (1) INDEXES FOR CERTAIN STORES 






URBAN STORES 


Country 
General 
Stores 


Retail 
Price 
Index 




Depart- 
ment 
Stores 


Food 
Stores 


Hardware 
Stores 


Furniture 
Stores 


Radio & 

Electrical 

Stores 


Clothing, 

Boot 

& Shoe 

Stores 


Drug 

Stores 


Variety 
Stores 


Total 


Annual Average 

1930 


130.9 


126.2 


123.1 


125.2 


157.4 


132.3 


115.6 


88.5 


126.1 


* 


* 


1932 


93.1 


95.0 


80.5 


73.8 


82.5 


93.0 


96.4 


79.7 


91.8 


* 


* 


1933 


S8.2 


86.3 


71.7 


68.1 


67.7 


85.0 


86.1 


74.9 


84.3 


* 


* 


1937 


103. <S 


103.6 


104.8 


111.7 


109.2 


106.2 


104.0 


103.8 


104.5 


105.6 


102.0 


1938 


99.9 


102.1 


106.6 


98.1 


100.8 


99.3 


102.6 


105.2 


101.4 


103.5 


102.8 


1939 


103.0 


106.7 


107.6 


102.0 


103.0 


99.9 


104.8 


113.2 


105.1 


100.5 


101.0 


1940 


116.2 


117.5 


117.3 


118.1 


130.3 


113.5 


113.9 


133.8 


117.5 


106.4 


106.6 


1941 


133.8 


135.6 


137.6 


126.3 


138.7 


130.4 


131.2 


161.3 


135.8 


116.0 


114.9 


1942 


149.5 


156.1 


150.5 


127.7 


136.6 


164.2 


149.5 


180.4 


154.9 


131.9 


122.4 


Aver. 12-Mths. ending 

June 1943** 


150.9 


162.2 


147.7 


124.8 


126.5 


169.2 


157.7 


190.2 


158.4 


140.4 


123.6 


Monthly 

1942— Feb. 


142.8 


152.3 


175.2 


136.2 


148.2 


173.2 


145.1 


190.9 


154.8 


130.7 


120.3 


Mar. 


156.9 


153.6 


170.9 


133.4 


153.7 


192.0 


147.5 


191.3 


161.4 


131.4 


120.6 


•Apr. 


148.8 


158.4 


146.1 


119.1 


147.8 


165.3 


148.4 


18S.4 


155.8 


133.1 


120.6 


May 


140.1 


154.8 


135.0 


126.8 


138.1 


152.8 


146.6 


180.6 


149.0 


130.1 


120.9 


June 


134.1 


168.0 


135.9 


128.8 


139.9 


144.2 


148.3 


176.7 


151.1 


127.4 


121.8 


1943— Feb. 


154.5 


163.8 


181.4 


121.4 


137.0 


208.0 


165.3 


206.0 


168.5 


152.0 


122.2 


Mar. 


164.3 


166.1 


159.9 


128.2 


128.5 


189.2 


162.9 


19S.8 


167.8 


143.9 


122.7 


Apr. 


153.4 


173.4 


141.4 


123.3 


125.9 


165.5 


161.9 


198.6 


163.2 


151.3 


123.2 


May 


138.6 


167.8 


128.0 


115.7 


107.0 


161.6 


162.2 


1S4.S 


154.4 


148.9 


124.0 


June** 


130.6 


174.0 


130.4 


118.6 


116.5 


160.7 


164.1 


181.4 


155.3 


147.7 


124.5 



(1) Adjusted for number of business days and seasonal variations. * Not available. ** Preliminary. 



VALUE OF RETAIL SALES INDEX : 1939-43 



URBAN STORES 1935-39 = 100 



INDEX 




DEC. JAN. FEB MAR APR MAY JUNE JULY AUG. SEPT. OCT NOV. DEC 



53 



June - julv lflP 





IX 


-CENTRAL ELECTRIC STATIONS 






Millions of Kilowatt Hours 


Dominion Bureau of Statistics a 


nd Bank of Canada 








Output of Central Electric Stations 








Firm 


Daily Averages 


Generated 

by 

Water 


Generated 

by 

Fuel 


Total 


Exports 


Secondary 
Power 


Losses 

(Estimated) 


Power 
Consump- 
tion 
(Estimated) 


1926 


32.2 


.5 


32.7 


4.1 


2.9 


4.3 


21.4 


1929 


47.4 


.9 


48.3 


4.0 


6.3 


6.7 


31.3 


1932 


42.5 


.8 


43.4 


1.8 


7.9 


6.2 


27.5 


1936 


68.2 


1.2 


69.4 


4.3 


19.9 


9.8 


35.4 


1937 


74.2 


1.4 


75.6 


5.1 


21.4 


10.6 


38.5 


1938 


70.0 


1.2 


71.3 


5.0 


16.8 


9.9 


39.6 


1939 


76.3 


1.3 


77.7 


5.2 


19.3 


10.9 


42.3 


1940 


80.7 


1.5 


82.2 


5.8 


14.8 


11.5 


50.1 


1941 


89.8 


1.8 


91.6 


6.5 


9.3 


12.8 


63.0 


1942 


99.0 


2.0 


101.7 


6.7 


6.1 


14.2 


74.6 


1942— Jan. 


101.7 


2.4 


104.1 


6.7 


8.5 


14.6 


74.3 


Feb. 


100.0 


2.3 


102.3 


6.3 


7.4 


14.4 


74.2 


Mar. 


101.7 


2.2 


103.9 


7.0 


8.5 


14.5 


73.9 


Apr. 


100.8 


2.0 


102.8 


7.2 


8.0 


14.3 


73.3 


May 


100.5 


1.9 


102.4 


7.3 


9.4 


14.3 


71.5 


June 


99.6 


1.8 


101.4 


7.1 


8.3 


14.2 


71.9 


1943— Jan. 


101.6 


2.2 


103.8 


6.6 


4.2 


14.6 


78.5 


Feb. 


103.2 


2.3 


105.4 


6.7 


4.5 


14.8 


79.4 


Mar. 


105.3 


2.1 


107.4 


6.8 


4.8 


15.1 


80.7 


Apr. 


107.0 


1.9 


108.9 


7.3 


6.3 


15.2 


80.1 


May 


111.2 


1.8 


113.0 


7.6 


8.5 


15.8 


81.1 


June 


110.0 


1.9 


111.8 


7.4 


8.0 


15.7 


80.8 



CENTRAL ELECTRIC STATIONS: INSTALLED CAPACITY AND OUTPUT: 1930-44 



MILLIONS OF HORSE POWER 



BILLIONS OF KILOWATT HOURS 



1000 




500 



3 75 



1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 

* The chart is scaled on the assumption that the potential output of one horse powei of installed capacity is 4.000 kilowatt hours. This was the 
approximate effective rate before the war but Has since been appreciably raised liy measures to increase utilisation ol available capacity, e.c. by 
connecting formerly independent power distribution systems, by daylight-saving, staggering hours of work, and other measures designed t" 
the incidence of peak loads. ** Running 12-month totals. 1938-43. -k Estimate. 






1^ 



ftfc-Jl'M l'Mo 



54 



X— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 



Thousatids of Short Tons 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 




Canada 


New- 
foundland 


U.S.A. 


Total 


Exports 
Overseas 


Total 
Supply 


U.S. 

Publishers 


Canadian 
Publishers 


Total 


Increase 

or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


12-Mths. Ending 
























June 1943 


2,963 


215 


881 


4,059 


— 


304 


3,755 


3,802 


190 


3,998 


243 


1942-Feb. 


278.1 


27.3 


76.2 


381.7 


— 


22.1 


359.6 


290.9 


15.5 


306.4 


53.2 


Mar. 


295.8 


28.0 


80.9 


404.8 


- 


27.8 


377.0 


337.9 


18.8 


356.7 


20.3 


Apr. 


277.7 


26.0 


82.7 


386.4 


- 


23.9 


362.5 


321.0 


16.9 


337.9 


24.7 


May 


251.8 


25.0 


80.0 


356.9 


- 


23.0 


333.8 


326.2 


17.3 


343.5 


9.6 


June 


242.8 


20.3 


79.4 


342.5 


- 


24.1 


318.4 


299.1 


16.7 


315.8 


2.6 


1943-Feb. 


221.8 


13.8 


64.4 


300.0 


— 


16.2 


283.8 


2S0.1 


14.7 


294.8 


11.0 


Mar. 


246.9 


15.6 


71.4 


333.8 


- 


21.3 


312.5 


319.1 


16.2 


335.3 


22.8 


Apr. 


229.6 


13.1 


68.0 


310.7 


- 


29.6 


281.1 


327.4 


17.0 


344.4 


63.3 


May 


254.0 


16.4 


68.7 


339.1 


- 


29.2 


309.9 


334.1 


16.3 


350.5 


40.6 


June 


257.8 


20.5 


70.3 


348.7 


— 


41.4 


307.3 


307.5 


16.2 


323.7 


16.5 



NEWSPRINT : NORTH AMER 1CA : 1938 -43 

THOUSANDS OF SHORT TONS THOUSANDS OF SHORT TONS 



4400 



4000 



3600 



4400 



4000 




3200 



J S D M J 

1938 1939 

(1) Total supply: see above table. (2) See above table. 
Consumption by Publishers. 



JSDMJSDMJ 
1940 1941 1942 

(3) Cumulative difference of (a) Retained Production plus Imports and (b) Estimated 
For monthly figures see above table. 



55 



JI'NK - JI'LV 1«T 



XI— EMPLOYMENT AND PAYROLLS BY INDUSTRIES* 

Dominion Bureau of Statistics 



Unadjusted Index 1926 = 100 






EMPLOYMENT INDEXES 












MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 






Foods 


Forest 

Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 
Manufac- 
turing 


all 
Industries 


Average of Months'" 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


1942 


159.7 


139.4 


166.6 


229.3 


394.4 


235.3 


171.3 


105.5 


130.3 


150.1 


173.7 


Aver. 12-Mths. Ending 
























May 1943 


160.5 


136.0 


165.6 


247.7 


439.9 


252.9 


165.0 


109.0 


135.4 


154.4 


180.1 


First of Month 
























1942— Jan. 


154.5 


14S.S 


161.8 


206.9 


321.1 


210.3 


177.8 


101.1 


124.7 


172.4 


165.8 


Feb. 


150.9 


150.6 


165.6 


210.8 


340.4 


215.1 


176.8 


98.2 


118.1 


150.S 


165.4 


Mar. 


148.7 


150.0 


166.3 


216.8 


352.0 


223.8 


176.4 


97.5 


103.7 


151.7 


165.1 


Apr. 


146.4 


141.1 


169.0 


221.5 


366.8 


227.4 


175.0 


99.0 


98.0 


153.0 


165.2 


May 


148.2 


131.3 


169.5 


223.3 


384.0 


229.4 


173.5 


104.1 


109.3 


153.5 


167.4 


1943— Jan. 


155.2 


144.7 


161.6 


255.2 


446.9 


261.9 


162.4 


107.8 


132.1 


169.9 


183.7 


Feb. 


151.3 


140.9 


165.3 


259.6 


45S.5 


204.0 


161.4 


105.5 


125.7 


149.3 


181.2 


Mar. 


150.3 


141.1 


1(15.5 


261.4 


468.3 


263.6 


162.2 


107.1 


122.6 


147.1 


181,5 


Apr. 


149.7 


133.3 


165.4 


262.6 


470.5 


264.9 


160.6 


109.4 


118.8 


148.8 


180.6 


May 


152.0 


121.2 


162.5 


262.0 


466.6 


263.0 


157.8 


111.7 


115.6 


151.8 


178.2 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1942-43 



NUMBER OF EMPLOYEES : FIRST OF MONTH 



Nov. 



Dec. 



Jan. 



Feh. 



Mar. 



Apr 



May 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



1,139 

56 

70 

28 

139 

195 

41 

101 

64 



1,155 
70 

70 

28 
138 
191 

41 
109 

04 



1,144 

74 

70 

28 

130 

167 

40 

175 

04 



1.157 

70 

70 

28 

133 

159 

40 

154 

63 



,165 

09 

70 

27 

135 

155 

40 

151 

03 



1.1 OS 
56 

i5 

27 
13S 
150 

40 
l:.:; 

63 



1,900 



1 ,932 



1 ,903 



1 ,879 



1 .SSL' 



I .872 



1,104 

39 

74 

27 

141 

140 

41 

1 56 

63 



1 .852 



Thousands of Dollars 



PAYROLLS: REPORTING FIRMS*: 1942-43 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



AGGREGATE WEEKLY EARNINGS : FIRST OK MONTH 



Nov. 



34.913 
1 ,20 I 
2.700 

801 
4,812 
5,571 

74 1 
3,941 
1 ,972 



55,002 



Dec. 



35.900 
1,470 
2,726 

815 
1,880 
5,381 

710 
4,098 
1 ,970 



58,055 



Jan. 



32,148 
1,590 
2.505 

S20 
4,905 
1,480 

728 
4,173 
1 ,954 



53,303 



Feb. 



35,440 
1 ,435 
2,704 

790 
4.S10 
4,575 

731 
3,851 
1,970 



50,3 r 



Mar. 



30.032 
1 .502 
2,795 

793 
4 ,920 
1 .5 SO 

737 
3,808 
1.979 



57, Ml 



Apr. 



37,119 
1 ,338 
2,741 

783 
5,034 
4.000 

7is 
3,872 
1.901 



58,202 



May 



30,171 

989 

2.010 

797 

5,034 

1,392 

753 

3.912 

1,900 



50,023 



* As reported by establishments with not less than 15 employees, 

and Logging. 



(1) Average Jan. 1 - Dec. I. (2) Lumber and Products. Pulp and Paper Products 



V\t-Jt \.\ I'W.S 



56 



XII— U.S.A. STATISTICS 

Federal Reserve Board or Dept. of Commerce statistics unless otherwise staled 



ALL MEMBER BANKS 




1938 1039 1940 194 



942 (943 



.* 



TATISTICAL SUMMARY 



BANK OF CANADA 



Consolidated Items 



Tables Charts 

I Bank of Canada : 

Assets and Liabilities .... 

II Chartered Banks: 

Assets and Liabilities .... 

III Bank of Canada and Chartered Banks: 

IV Public Finance: Federal Government 

V Public Finance: Municipalities 

VI Security Prices: 

Govt. Securities, Payable in Canada only .... 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. . 

Yields of Govt. Bonds, Canada, U.K. and U.S. A 

VII Bond Issues and Retirements 

VIII Business Activity 

Production of Steel Ingots and Castings 

IX Employment and Payrolls 

X Steam Railways: Revenue Freight Loaded . 

Revenue Freight Loaded 

XI External Trade: 

Imports by Countries 

Total Merchandise Imports 
Exports by Countries 

Domestic Exports 

XII Newsprint: North America 

Newsprint: North America 

XIII Wholesale Prices 

XIV Cash Income from the Sale of Farm Products 

XV Grains: Acreage and Production 

XVI Canadian Wheat: Statistical Position . 

Canadian Wheat: Supplies and Distribution 



Pages 
57 - 58 

57 - 58 

59 

60 
61 - 62 



63 
63 
64 
64 

65 

66 
66 

67 

68 

68 



69 
69 
70 
70 

71 
71 

72 

72 

73 

74 
74 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 

Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUG. - SEPT. 1943 



57 



Millions of Dollars 



AUG. - SEPT. l]f 

i-IaI 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


3ti 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


• se 

or 

Li:.il( 


Average of 




















Wednesday Figures 


















1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


»4 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


!2 


1937- 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


'2 


1938- 


56.0 


199.6 


255.6 


22.8 


2.1 


105.9 


12.5 


is 


1939- 


60.9 


209.2 


270.1 


32.1 


9.5 


122.9 


11.1 


<fs 


1940- 


77.9 


213.7 


291.6 


43.7 


10.3 


194.3 


14.4 


•4 


1941- 


100.6 


217.2 


317.8 


54.9 


7.2 


301.2 


17.0 


"8 


1942- 


120.1 


226.5 


346.6 


64.7 


16.8 


444.7 


22.1 


• 4 


1942— May 


118.1 


199.7 


317.8 


109.2 


14.7 


404.4 


19.7 


8 


June 


117.6 


201.0 


318.6 


38.6 


17.2 


416.0 


21.1 


; 


i 


July 


114.7 


243.6 


358.3 


30.9 


19.6 


438.1 


21.3 


i 


8 


Aug. 


119.1 


214.9 


334.0 


31.5 


18.5 


460.7 


22.5 


t 


7 


1943— May 


141.5 


315.4 


456.9 


79.6 


26.1 


■ 605.3 


27.6 


1, 


5 


June 


131.1 


303.7 


434.8 


68.2 


20.1 


620.9 


26.7 


l,: 





July 


140.1 


297.4 


437.5 


88.9 


17.3 


628.4 


27.2 


l, 


9 


Aug. 


135.1 


294.6 


429.7 


56.1 


23.6 


650.0 


25.8 


i,i 


5 


Wednesdays 




















Sept. 1 


119.2 <2) 


314.0 


433.2 (2 > 


62.2 


10.1 


678.7 (2) 


31.0 


l,: 


5 


8 


137.9 (2) 


312.5 


450.4 2 ' 


89.3 


16.3 


665.4 <2> 


31.7 


i,: 


3 


15 


138.5' 2 ' 


317.3 


455.8 (2) 


64.7 


11.3 


669.8 <2) 


34.4 


1,2 


5 


22 


148.5 (2) 


310.1 


458.6 (2) 


45.1 


15.0 


659.5 (2) 


26.5 


i,: 


4 


29 


140.7 (2) 


300.9 


441.6 (2) 


40.6 


12.6 


673. m 


26.1 


1,1 


3 



(1) Includes "Other Securities". (2) Estimates. *May, 1940 and subsequent figures give effect to the enactment, under the War Measures Act. of the Foreigr. a 
and necessary working balances, were sold to the Foreign Exchange Control Board, and the Banks minimum gold reserve requirement was temporarily di:m 



ii— cn 



Millions of Dollars 


























LIABILITIES 










Deposits 


Cash 


Securities 






Notes 


Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits ' 


Foreign 


Total 
Deposits' 2 ' 


in 
Canada"' 


DOM. -PROW 






Under 2 yrs. 


Over 2 yrs. 




Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1.958 


330 


2,333 


197 


344 


1 


1929 


17S 


696 


1 ,480 


102 


2,293 


418 


2,837 


212 


342 


1 


1932 


132 


486 


1,376 


82 


1 ,955 


312 


2,322 


186 


4< 


)0 




1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


22.-1 


447 


628 




1937 


110 


691 


1 ,574 


90 


2.3S2 


421 


2,840 


240 


445 


674 




1938 


100 


690 


1,630 


94 


2,449 


408 


2,892 


252 


447 


696 




1939 


94 


742 


1 ,699 


146 


2,630 


174 


3,144 


268 


516 


718 




1940 


91 


875 


1 ,647 


227 


2.753 


130 


3,250 


287 


681 


630 


2 


1941 


82 


1 ,088 


1 ,616 


322 


3.017 


439 


3,527 


308 


761 


722 


2 


1942 


72 


1,341 


1 ,645 


347 


3,319 


501 


3,905 


340 


997 


810 




End of 

1942— May 


74 


1,133 


1 ,556 


429 


.3.106 


196 


3,682 


279 


703 


915 




June 


74 


1,289 


1 ,598 


234 


3,115 


506 


3,694 


.'520 


789 


837 


2 


July 


75 


1,352 


1,654 


169 


3,149 


506 


3,747 


362 


852 


830 


2 


Aug. 


73 


1,423 


1,700 


189 


3,289 


515 


3,898 


325 


1 .069 


830 




1943— May 


51 


1,452 


1,732 


968 


4,090 


568 


4,799 


135 


1,581 


830 




June 


50 


1 ,539 


1,782 


7S0 


4.064 


583 


4,764 


415 


1 .566 


805 




July 


IS 


1,476 


1 ,826 


657 


3,940 


587 


4,627 


400 


1 ,559 


793 


1 


Aug. 


47 

• 


1 .653 

/ 


1.916 
• 


409 „ 


3,940 


62L , 


4,681 


427 , 


1,579 


791 

1 


' 


(1) Estimated month-en 
(3) Until March 1935: ( 


d deposits p 
iold and Co 


ayable in Cl 
n in Canada 


inadian currency. (2) Includes inter-ba 
Dominion Notes and "Free" Central Gc 


nk deposits. 
>ld Reserve 


Deposits; afte 


that date: 1 


?ank of Canada No 


11 



P UG 


. - SEPT. 1943 


















AN 


ADA 














Millions of Dollars 








ASSETS 












Reserve 






Securities 


Advances 


All 

Other 

Accounts 






Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov 
Under 
2 yrs. 


Dom.-Prov. 
Over 

2 yrs. 


Total" 
























Average of 
Wednesday Figures 


i 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


1935- 9 Mths. 


I 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths. 


) 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937- 


) 


.9 


28.7 


210.6 


54.50 


122.5 


53.0 


181.2 


.9 


6.3 


1938- 


) 


- 


43.2 


252.7 


58.15 


139.4 


46.3 


185.7 


.1 


7.2 


1939- 






* 


* 


* 


* 


* 


* 








5 


- 


36.7 


111.9 




323.9 


109.0 


433.0 


1.3 


8.0 


1940- 




- 


88.8 


88.8 




444.1 


149.0 


593.1 


.7 


15.5 


1941- " ■ 




- 


122.6 


122.6 




505.9 


246.8 


752.7 


.5 


18.9 


1942- 




— 


193.6 


193.6 




427.6 


222.0 


649.6 


— 


22.5 


M ay— 1942 




- 


.4 


.4 




480.1 


315.3 


795.4 


- 


15.8 


June 




- 


19.3 


19.3 




503.9 


328.5 


832.4 


- 


16.6 


July 




- 


7.4 


7.4 




503.7 


340.7 


844.3 


- 


15.4 


Aug. 




— 


10.7 


10.7 




848.0 


292.7 


1,140.7 


.3 


43.9 


May— 1943 




- 


32.5 


32.5 




814.0 


307.2 


1,121.2 


- 


16.9 


June 




- . 


33.0 


33.0 




818.7 


328.9 


1,147.6 


- 


18.6 


July 




— 


24.5 


24.5 




811.4 


331.6 


1,143.0 


— 


17.8 


Aug. 

Wednesdays 




- 


38.7 


38.7 




798.9 


344.6 


1,143.5 


- 


32.9 


Sept. 1 




- 


56.3 


56.3 




797.3 


351.4 


1,148.6 


- 


48.2 


8 




- 


56.9 


56.9 




798.9 


362.9 


1,161.8 


- 


17.2 


15 




- 


31.1 


31.1 




799.4 


357.6 


1,157.1 


- 


16.6 


22 




— 


31.0 


31.0 




786.7 


358.1 


1,144.8 


— 


18.0 


29 



58 



n Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements 



BANKS 



ASSETS 




Loans 






CANADA 


ABROAD 


Total 

Assets 




Call 


Current 
Public 


Current 
Other 


Call 


Current 




140 


934 


87 


250 


261 


2,864 




267 


1,343 


112 


301 


248 


3,528 




117 


1,032 


165 


84 


172 


2,869 




93 


699 


121 


64 


150 


3,145 




107 


732 


117 


68 


165 


3,317 




67 


786 


129 


51 


158 


3,349 




55 


855 


133 


48 


145 


3,592 




44 


969 


122 


44 


138 


3,707 




34 


1,091 


95 


44 


133 


4,008 




29 


1,075 


80 


56 


127 


4,400 




29 


1,115 


100 


62 


139 


4,182 




28 


1,049 


88 


54 


134 


4,195 




26 


1,017 


79 


53 


127 


4,246 




24 


988 


75 


55 


115 


4,390 




33 


1,154 


70 


89 


109 


5,269 




42 


1,148 


67 


67 


103 


5,234 




36 


1,133 


61 


66 


100 


5,100 


' 


35 


1,063 

r 


58 


,V 


89 


5,155 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




Canada (3) 


Deposits* 4 ' 


Canadian 
Deposits 


Note 
Circulation (5) 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


254 


2,412 


10.5 


205 


1938 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


307 


3,136 


9.8 


488 


May-1942 


312 


3,058 


10.2 


496 


June 


361 


3,057 


11.8 


517 


July 


333 


3,190 


10.5 


543 


Aug. 


446 


3,976 


11.2 


665 


May- 1943 


435 


3,981 


10.9 


670 


June 


434 


3,961 


11.0 


688 


July 


425 


3,896 


10.9 


707 


Aug. 


'139 ' 




> . ' - 


< ' 





ires given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
rtered Bank note circulation and Bank of Canada notes in public circulation. 



59 



AUG. - SEPT\Tf 



III— BANK OF CANADA AND CHARTERED BANKS : CONSOLIDATED ITEMS 

Bank of Canada 





Twelve Months Ending: 


Millions of Dollars 


Aug. 31/39 


Aug. 31/40 


Aug. 31/41 


Aug. 31/42 


Aug. 31/43 




Last Year 

before War 


First 

Year of War 


Second 

Year of War 


Third 

Year of War 


Fourth 

Year of War 


1. INCREASE (+) OR DECREASE (-) IN VOLUME OF CANADIAN MONEY 


Bank of Canada Notes Held by the Public . . . 
Chartered Bank Notes Held by the Public . . . 
Public Notice Deposits with Chartered Banks. 
Public Demand Deposits with Chartered Banks 
"Other" Deposits with Bank of Canada (1) . . . . 

Sub-Total 


+ 15 
— 5 
+ 67 
+ 18 
+ 10 

+106 

+ 18 
+ 20 

+144 


+ 114 
+ 2 

- 68 
+ 172 

- 7 

+213 

+ 2 
+ 9 

+225 


+ 105 
- 9 
-112 
+ 149 
+ 6 

+139 

+ 28 
+298 

+464 


+ 152 

- 10 
+ 178 
+397 
+ 18 

+734 

- 46 
-299 

+390 


+ 185 

- 25 
+216 
+230 

- 18 

+590 

+ 45 
+206 

+839 


Dom. Govt. Deposits with Bank of Canada. . 
Other Can. Deposits with Chartered Banks (2) . . 

Total 



2. INCREASE ( + ) OR DECREASE (-) IN CERTAIN BANK ASSETS 



Gold Reserve of Bank of Canada <3) 


+ 30 


-210 


_ 


_' 


_ 


Exchange Reserve of Bank of Canada (3) 


+ 25 


- 50 


+ 38 


- 40 


+ 37 


Dom.-Prov. Securities Held by Bank of Canada 


- 11 


+388 


+ 110 


+209 


+270 


Dom.-Prov. Securities Held by Chart'd Banks 


+ 42 


+ 118 


+ 146 (5> 


+448 <5 > 


+471 <5) 


Other Securities Held by Chartered Banks' 4 ' . . 


+ 1 


- 31 


- 21 


- 16 


- 25 


Canadian Loans of Chartered Banks 


+ 23 


+ 94 


+ 190 (5) 


-202 <s; 


+ 68 (5> 


Total 


+109 


+311 


+462 


+399 


+820 





Actual 

Volume of 

Money and 

Bank 

Assets at 

Aug. 31/43 





(1) Excluding deposits of Chartered Banks. (2) Variations in this item are accounted for mainly by Dom. Govt. Deposits. (3) In May. 1940 the Bank 
of Canada sold gold and exchange amounting to $253.5 millions to the Foreign Exchange Control Board and acquired additional government securities. 
(4) Excluding foreign government securities (5) Including changes in loans and security holdings connected with instalment purchases of Victory Bonds 
amounting to +98, —63 and +95 in the 2nd. 3rd and 4th war years, respectively. 



CHARTERED BANKS : CANADIAN DEPOSITS : 1939-43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2500 



2000 



1500 




1000 



D M J 

1939 


S 


D 


M 


J 
1940 


S 


D 


M 


J 
1941 


* Sec note (2) above. 



















UG. - SEPT. 1943 



60 



IV— PUBLIC FINANCE : FEDERAL GOVERNMENT 

Dept. of Finance and Bank of Canada 



Millions of Dollars 



:ash Requirements* 

War Appropriation Acts'" 

War Appropriation (U.K. Financing) Act 

United Nations Mutual Aid Act 

War Advances'" 

Repatriation of Dom. & C.N.R. Securities Held in U.K 

' Advances to (or Repayts. from) Foreign Exchange Control Bd. (3) 

Special Loan to United Kingdom Government 

Increase (or Decrease) in Govt's Foreign Balances during War . . 

War Requirements 

Compensation to Provinces under Dom.-Prov. Tax Agreement. . 
Unemployment Insurance — Administration & Govt. Contribution 
Provision for Reserve against Deficits of Can. Wheat Board .... 

Other Special Agricultural and Relief Expenditure 

C.N.R. Deficit 

Net Interest Charges (s) 

All Other Expenditure'" 

TOTAL (as above) 

Jources of Financing* 

Income Tax on Individuals' 7 ' 

Income Tax on Corporations including Excess Profits Tax 

Excise Duties on Liquor and Tobacco 

Sundry Excise and Other Taxes 

Customs Import Duties and War Exchange Tax 

Sales Tax 

Non-Tax Revenue (ex. Return on Investments)' 9 ' 

Total Revenue (ex. Return on Investments)'" 

War Savings Certificates and Stamps (Net)'"" 

Bonds Sold to the Public in Canada (ex. Conversion Issues) ... 

Special Issues Sold to Banks (ex. Conversion Issues) 

Treasury Bills (Net) 

Deposit Certificates (Net) 

F.E.C.B. Temp. Borrowing from (or Repayt. to) Bk. of Can.' 3 ' (A) 

Redemptions Payable in Canada only {ex. Amounts Converted) <li) . 
Redemptions Payable in New York (ex. A mounts Converted) 

Balancing Item (mainly increase or dec. in govt's Can. cash bal.)* 

TOTAL (aa above) 



Twelve Months Ending: 



Aug. 31/39 



Last Year 

before War 



36 



36 



25 
51 
54 

116 

264 

546 



Aug. 31/40 



First 

Year of War 



290 

35 

144 
325< 4 ' 

6 



788 



27 
59 

12 

119 
264 

1,269 



Aug. 31/41 



Second 

Year of War 



988 



45 

122 
440 

60 

1,655 



1 
10 
35 

4 

122 
25 3 

2,080 



Aug. 31/42 



Third 

Year of War 



Fourth 

Year of War 



1,768 
649 

136 

418 

596 

700 

33 

3,042 

64 
14 
13 
53 



131 
265 

3,582 



Aug. 31/43 



3,264 
351 
192 
112 

10 

268 

56 

4,253 

95 
17 

7 
31 



163 
269 

4,821 



46 
77 
52 
47 

78 

118 

49 



467 



50 

20 



3 

12 
546 



55 
97 
74 
45 

135 

156 

53 

615 

20 

200 

450' 4 ' 
75 <4) 



68 

23 
1,269 



178 

250 

95 

90 

222 

200 

65 

1,100 

71 

1,030 

250 



40 

95 
11 

305 

2,080 



373 
524 
120 
165 

243 

238 

94 

1,757 

74 
843 
193 

40 
305 

40 



447 
3,582 



677' 8 ' 
753' 8 ' 
142 
237 

237 
249 
108 

2,403 

46 
2,300 

60 

435 

37 

60 
125 

275 

4,821 



* The table does not show separately certain disbursements such as 
non-war loans and investments, nor certain open account receipts 
such as by the annuities and superannuation funds, nor increases in 
the volume of outstanding cheques. These, together with changes 
in the government's Canadian cash balance, make up the Balancing 
Item". 

(1) Includes all expenditure by Department of National Defence. 

(2) Includes National Defence Advance Accounts, advances to Crown 
Companies, etc. 

(3) "Advances to F.E.C.B." include temporary advances from (or re- 
payments to) Bank of Canada as shown in line (A). 

(4) The $325 mm. advanced by the government to the F.E.C.B. on 
April 30, 1940 was for the purpose of enabling it to purchase gold and 
foreign exchange from the Bank of Canada and other Canadian resi- 
dents under the Exchange Fund Order and the Foreign Exchange 
Acquisition Order. It was financed by sale to the Bank of Canada of 
$250 mm. of short term notes and $75 mm. of Treasury Bills. 



(5) Interest charges less return received on investments. Sinking Fund 
contributions are excluded. 

(6) A part of the amount shown under "All Other Expenditure" is directly 
attributable to the war, e.g. cost of War and Victory Loan campaigns, 
increased cost of debt management, and additional cost of collecting 
income tax as result of the great increase in the number of taxpayers. 

(7) Includes National Defence Tax. 

(8) Includes the refundable portion which, as of March 31, 1943, was 
estimated at $50 mm. in the case of individual income tax and $20 
mm. in the case of excess profits tax. 

(9) Return on investments has been excluded from revenue and deducted 
from "Interest Charges". 

(10) Includes Non-Interest Bearing Certificates. 

(11) Includes redemption of (unconverted) bonds held by banks as well as 
by the public. 



61 



AUG. - SEPT. lW 



V— MUNICIPALITIES" : CURRENT REVENUE AND EXPENDITURE 

Millions of Dollars 



CURRENT REVENUE' 



Calendar Years"' 

Real Property Tax <5) 

Metropolitan 

Other Urban 

Rural 

Total 

Sales Tax 

Metropolitan 

Other Urban 

Rural 

Total 

Income Tax 

Metropolitan 

Other Urban 

Rural 

Total 

Other Taxes 

Metropolitan 

Other Urban 

Rural 

Total 

Total Taxation 

Metropolitan 

Other Urban 

Rural 

Total 

Licenses, Permits & Fees 

Metropolitan 

Other Urban 

Rural 

Total 

Public Utility 
Contributions 

Metropolitan 

Other Urban 

Rural 

Total 

Other"' 

Metropolitan 

Other Urban 

Rural 

Total 

Total Revenue 

Metropolitan 

Other Urban 

Rural 

Total 



1940 



98.2 
90.0 
54.9 



243.1 

5.1 
.5 



5.6 



2.4 

1.2 

.3 



3.9 

12.7 

11.2 

1.3 

25.2 




277.8 



4.1 
4.1 
1.6 

9.8 



2.6 
6.1 

.2 

8.9 



11.0 
8.8 
4.8 

24.6 



136.1 

121.9 

63.1 

321.1 



1941 



99.2 
89.4 
55.7 

244.3 



6.0 

.7 
.1 

6.8 



2.3 

1.3 

.3 

3.9 



13.0 

10.9 

1.5 

25.4 



120.5 

102.4 

57.5 



280.4 



4.3 

4.2 
1.6 

10.1 



2.9 

6.9 

.3 

10.1 



10.0 
9.1 
5.3 

24.4 




325.0 



1942 

(Est.)<4) 



96.1 
89.8 
55.8 

241.7 



6.4 
1.0 

.1 

7.5 



12.9 

11.6 

1.5 



26.0 



115.4 

102.4 

57.4 



275.2 



4.2 
4.2 
1.5 



9.9 



3.9 

7.5 
.3 



11/ 



11.6 

10.0 

5.5 



(6) 

!7.1 



135.3 

12 1.0 

64.6 



323.9 



1943 

(Est.)(4) 



96.3 
89.0 
56.3 



241.6 

6.0 

1.2 

.1 



7.3 



11.8 
11.6 

1.6 



25.0 



114.1 

101.8 

57.9 



273.8 



4.1 
4.0 
1.5 



9.6 



4.0 

7.0 
.3 



11.9 



11.4 

10.0 

5.2 



(6) 

20.5 



L33.5 
L23.5 

01.9 



321.9 



CURRENT EXPENDITURE 



Calendar Years ' 



Schools 

(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Public Welfare' 8 ' 

(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Streets and Roads 
(ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Other (ex. Debt Charges) 

Metropolitan 

Other Urban 

Rural 

Total 

Debt Service 

(ex. Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Total 
Current Expenditure 

(ex. Charftes for 

Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Charges for 
Debt Repayment 

Metropolitan 

Other Urban 

Rural 

Total 

Total 
Current Expenditure 

Metropolitan 

Other Urban 

Rural 

Total 



1940 



29.1 
31.0 
22.9 
83.0 



20.4 

15.3 

6.5 

42.2 



7.8 
11.1 
10.6 

29.5 



41.5 
30.6 
11.9 

84.0 



27.0 

16.2 

4.2 

48.0 



126.4 

104.2 

56.1 

286.7 



14.3 

Hi. 3 
4.0 

34.6 



140.7 

120.5 

60.1 

321.3 



1941 



29.8 
32.1 

23.1 
85.0 



18.0 

13.9 

6.6 

38.5 



8.1 
12.3 
11.3 

31.7 



39.5 
32.2 
12.2 

83.9 



26.7 

15.5 

3.7 

45.9 



122.1 

106.0 

56.9 

285.0 



14.0 

10.0 

3.6 

34.2 



136.1 

122.0 
60.5 

319.2 



(li Including School Corporations. (2) Provincial grants, other than cenei 

sidics have been excluded from Revenue and corresponding amounts deductd 

Expenditure where necessary. Provincial subsidies for general purpo- 

m Other revenue' and the 1940 figures in the 1942 Statistical Summary 1 

Sept., p. 68) have been revised on this basis. The classification of Kcvcnui 

than taxation) and Expenditure involved a considerable amount i 

that classified totals ate at best approximate. (3) (4) See notes 3 and -t on 

page. (5) These figures, like most of those on which this table is bai 

accrual and not a cash basis. (6) Grants in lieu of Income Tax 

under Dom.-Prov. Tax Agreements, are included in "Other Rev. nu< 

ing any surpluses from previous years. (8) Including Direct Reh' 

even if funded. 



UG. - SEPT. 1943 



62 



V— MUNICIPALITIES": OUTSTANDING DEBT 2 ' 

Millions of Dollars 



TYPE OF DEBT BY CLASS OF MUNICIPALITY 



lendar Year End 1 



oed Debt 

jOLS (Gross) 
|:tropolitan . 
(her Urban . . 
iral 



l'OTAL . 



iways (Gross) 
jtropolitan . . . 
her Urban .... 
iral 



Total . 



p (ex. Utilities)(Gross) 

;tropolitan 

Iher Urban 

ual ". 



rOTAL . 



: Sinking Funds 

Hropolitan 

her Vrban 

iral 



Total . 



ac Utilities (Net) 

etropolitan 

her Urban 

iral 



Total . 



£CT 

30NDED DEBT (Net) . 

RANTEED (Net) 

etropolitan 

her Urban 

jral 

Total 

ect & Guaranteed 
Bonded Debt (Net) 

k Loans 

etropolitan 

her Urban 

ural 

Total 

al Outstanding 
Debt (Net) 

etropolitan 

her Urban 

ural 

Total 



1940 



110.8 
83.3 
14.1 

208.2 



173.8 

123.4 

11.6 

308.8 



319.0 

121.4 

20.2 



460.6 



117.9 
70.5 



193.2 

123.0 

98.8 
9.1 

230.9 

1,015.3 

50.6 

1.9 

.1 

52.6 
1,067.9 



53.1 
18.0 

(5) 

32.3 
103.4 



712.4 

376.3 

82.6 

1,171.3 



1941 



108.6 
80.9 
13.5 

203.0 



167.1 

118.7 

9.5 

295.3 



311.8 

115.2 

19.8 

446.8 



117.1 

71.4 

4.5 

193.0 



116.3 
93.5 

8.7 

218.5 
970.6 




45.5 
13.6 
29.4 

88.5 



681.6 

352.6 

76.5 

1,110.7 



1942 

(Est.) (4) 



105.8 
76.5 

12.5 

194.8 



153.6 
111.9 

7.7 

273.2 



309.0 

110.1 

19.3 

438.4 



119.7 
67.3 

4.1 

191.1 



107.9 

86.3 

8.1 

202.3 

917.6 




36.0 

9.7 

26.5 

72.2 



640.0 

329.2 

70.2 



1,039.4 



1943 

(Est.) «) 



104.0 
72.4 
11.7 

188.1 



149.4 

106.2 

6.3 

261.9 



306.5 

102.6 

18.3 

427.4 



122.5 

63.9 

3.5 

189.9 



101.8 

81.9 

7.6 

191.3 

878.8 



45.2 

2.0 

.1 

47.4 
926.2 



28.5 

7.4 

25.6 

61.5 



612.9 

308.6 

66.2 

987.7 



TOTAL BY CLASS OF MUNICIPALITY & PROVINCE 



Calendar Year End (j) 



Total Outstanding 
Debt (Net) 

Metropolitan 

Quebec 

Ontario 

Manitoba 

British Columbia 

Total. 

Other Urban 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 

Rural 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. . . . 

Total 

All Municipalities 
Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia. . . . 

TOTAU 



1940 



355.0 

220.0 

60.0 

77.4 

712.4 



2.8 

21.6 

16.1 

114.9 

119.8 

3.2 

31.1 

47.3 

19.5 

376.3 



1.8 

4.6 

11.6 

24.6 

7.6 

(5) 

26.4 



2.5 
3.5 



82.6 



2.8 

23.4 

20.7 

481.5 

364.4 

70.8 

57.5 

49.8 

100.4 

(5 

1,171.3 



1941 



348.7 

201.3 

56.5 

75.1 

681.6 



2.6 

20.9 

15.3 

112.8 

106.5 

2.8 

28.3 

45.0 

18.3 

352.6 



1.6 

4.3 

11.3 

21.3 

7.0 

25.6 

2.2 

3.3 

76.5 

2.6 
22.5 
19.6 
472.8 
329.1 
66.3 
53.9 
47.2 
96.7 



1,110.7 



1942 

(Est.) <4) 



333.9 

184.5 

50.4 

71.2 



640.0 



2.5 

19.5 

14.1 

108.3 

95.5 

2.8 
26.1 
42.7 
17.7 

329.2 



1.4 

4.3 

10.4 

17.5 

6.4 

25.1 

2.0 

3.1 

70.2 

2.5 
20.9 
18.4 
452.6 
297.5 
59.6 
51.2 
44.7 
92.0 



1,039.4 



(1) Including School Corporations. (2) Including principal past due and unpaid. 
Sources: Reports of Provincial Departments of Municipal Affairs and of Education; 
records of the Dominion Bureau of Statistics and Citizens Research Institute of 
Canada. (3) Or the fiscal year nearest the calendar year. (4) Estimates based 
on sample Municipal returns received by the Dominion Bureau of Statistics. 
(5) Excluding 8.5 bank loans guaranteed by the Province and implemented in 1941. 



63 












AU< 


- SEPT. 19 








VI— SECURITY PRICES 














Bank of Canada 














Dominion of Canada Bonds Payable in Canada Only 












Middle of the market quotations 






Average of Business Days 


15th of Each Month 




l\i% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 




Annual Average 




















1938 


100.41 


3.22 


99.01 


3.08 


3.09 


2.76 


1.91 


1.13 




1939 


99.97 


3.23 


98.14 


3.15 


3.16 


2.90 


2.13 


1.54 




1940 


98.90 


3.31 


97.05 


3.25 


3.28 


2.95 


2.16 


1.48 




1941 


100.83 


3.18 


98.96 


3.09 


3.10 


2.92 


2.12 


1.40 




1942 


101.44 


3.12 


99.61 


3.04 


3.06 


3.03 


2.18 


1.48 




Monthly 




















1942— Sept. 


101.35 


3.13 


99.63 


3.04 


3.06 


3.03 


2.21 


1.48 




Oct. 


101.20 


3.14 


99.62 


3.04 


3.07 


3.03 


2.22 


1.49 




Nov. 


101.17 


3.14 


99.55 


3.04 


3.08 


3.03 


2.21 


1.49 




Dec. 


101.59 


3.10 


99.64 


3.03 


3.06 


3.00 


2.22 


1.48 




1943— Jan. 


101.85 


3.08 


99.81 


3.02 


3.05 


2.94 


2.22 


1.52 




Feb. 


102.37 


3.03 


100.09 


2.99 


3.03 


2.85 


2.21 


1.52 




Mar. 


102.43 


3.03 


100.25 


2.96 


3.01 


2.83 


2.21 


1.51 




Apr. 


102.38 


3.03 


100.15 


2.98 


3.00 


2.83 


2.21 


1.50 




May 


102.38 


3.03 


100.13 


2.98 


3.00 


2.83 


2.22 


1.50 




June 


102.67 


3.03 


100.22 


2.96 


3.00 


2.81 


2.22 


1.50 




July 


102.75 


2.99 


100.42 


2.93 


3.00 


2.79 


2.23 


1.50 




Aug. 


102.75 


2.99 


100.56 


2.91 


3.00 


2.77 


2.23 


1.51 




Sept. 


102.81 


2.98 


100.53 


2.91 


3.00 


2.77 


2.23 


1.52 ' 



2.0% 



2.5% 



YIELDS OF DOMINION GOVERNMENT BONDS : 1940-43 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 




15% 



20% 



2 5% 



3 0% 



3 5% 



UG. - SEPT. 1943 



64 









VI— SECURITY 


PRICES 
















Bank of Canada 












Government Bonds 

Middle of the market quotations 


3 Mon 


th Treasury Bills 


Average of Business Days 


Tender Rate Nearest 15 th of Month 


Canada'" 


U. K.c» 


U.S.A. ' 


Canada 


U.K. 


USA 


Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 


99.71 


3.15 












.590 


.611 


.053 


1939 


99.06 


3.19 


93.83 


3.45 


- 


- 


.707 


1.315 


.022 


1940 


97.98 


3.28 


99.92 


3.00 


- 


- 


.699 


1.029 


.014 


1941 


99.90 


3.14 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


100.53 


3.08 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


Monthly 

1942— Sept. 


100.49 


3.09 


101.86 


2.81 


103.09 


2.23 


.531 


.995 


.368 


Oct. 


100.41 


3.09 


101.67 


2.82 


103.20 


2.22 


.529 


1.000 


.373 


Nov. 


100.36 


3.09 


101.71 


2.82 


103.16 


2.22 


.525 


1.002 


.373 


Dec. 


100.62 


3.07 


101.95 


2.79 


102.94 


2.24 


.521 


1.002 


.367 


1943— Jan. 


100.83 


3.05 


102.28 


2.76 


103.59 


2.18 


.514 


1.001 


.363 


Feb. 


101.23 


3.01 


101.96 


2.79 


103.72 


2.17 


.508 


1.000 


.372 


Mar. 


101.34 


3.00 


101.67 


2.82 


103.50 


2.19 


.498 


1.001 


.371 


Apr. 


101.27 


3.01 


101.23 


2.87 


103.72 


2.17 


.498 


1.012 


.373 


May 


101.26 


3.01 


100.57 


2.94 


103.97 


2.14 


.498 


1.001 


.372 


June 


101.45 


3.00 


100.47 


2.95 


104.09 


2.13 


.497 


1.003 


.374 


July 


101.59 


2.96 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 


Aug. 


101.66 


2.95 


100.51 


2.94 


104.26 


2.11 


.496 


1.049 


.374 


Sept. 


101.67 


2.95 


100.68 


2.92 


103.96 


2.14 


.462 


1.046 


.376 



(1) Average of Dominion of Canada 3% due June 1. 1050-55 and i\i% due June 1, l')56-66. 
accrued interest. (3) U. S. Treasury 2 l A% due Mar. 15, 1056-58. 



(2) United Kingdom 3% due Jan. 15, 1954-58; price excluding 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1942-43 

Daily Opening Quotations 



20% 



2.1% 



2.2% 




65 



Al.'G. - SEPT. 1C 







VII- 


BOND ISSUES AND RETIREMENTS" 






Par Values in 


* Bank of Canada 
Millions of Canadian Dollars 










I-Dominion Direct & Guaranteed 
and Other C.N.R. 




II-Provincial Direct and 


Guaranteed 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 


New 


SSUES 


Retirements 


Net New 




New 


Refunding 


Refunded 


Other 


Retiremen 


Calendar Years 

1940 
1941 
1942 


706.4 
1,384.3 
2,265.2 


416.9 
597.6 
534.9 


289.5 

786.8 

1,730.3 


79.5 
30.4 
13.5 


89.6 
51.5 

129.6 


81.4 

66.5 

133.0 


28.1 
34.0 
41.9 


59.7 

18.6 
31.9 


Nine Months 

1940 
1941 
1942 
1943 


373.8 
1,162.8 
1,255.2 
1,912.1 


354.8 
238.8 
461.5 
593.8 


19.1 

924.0 

792.8 

1,318.3 




73.3 

26.2 

9.2 

3.6 


41.0 

22.7 

100.4 

100.8 


49.9 
55.5 
60.3 
98.3 


18.5 
25.6 
29.9 
45.3 


45.9 

32.3 
19.3 

39.2 


Quarters 

1943— I 

II 

III 


119.4 
1,326.4 

466.4 


184.1 

32.2 

377.5 


64.7 

1,294.1 

88.9 




3.6 


59.7 
20.3 
20.8 


54.0 
24.4 
19.9 


10.7 
15.3 
19.3 


1.4 
19.4 
18.4 





HI-CORPORATIONS 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 

1940 


36.8 


18.3 


17.7 


92.3 


54.9 


1941 


17.5 


3.8 


3.8 


79.3 


61.9 


1942 


7.7 


39.1 


41.7 


78.1 


73.0 


Nine Months 

1940 


33.2 


18.1 


17.5 


61.9 


28.1 


1941 


11.9 


2.6 


2.6 


58.0 


46.1 


1942 


7.2 


35.4 


38.1 


65.7 


61.1 


1943 


14.9 


33.7 


33.7 


55.4 


40.6 


Quarters 

1943— I 


12.9 


5.7 





16.5 


2.1 


II 


1.9 


24.5 


6.7 


29.4 


9.7 


III 


.1 


3.5 


27.0 


9.5 


33.0 




IV Dominion 
Treasury Bills an 
Deposit Certificat. 



Net New 

Issues or 

Retirements 



75 

40 

440 

75 

510 
360 

410 

50 



Total 
outstandin 



Year Enc 

230 
270 
710 

End Nine Mon. 

230 

230 

780 

1,070 

End of Quar 

1.120 
1,070 
1,070 



Par Values in Millions of Canadian Dollars 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT' 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
* AND CORPORATION BONDS 





New Issues were 


payable in: 




Retirements 


were payable in: 




Net Increase or 
Ner Decrease 
























In Bonds Outstan 


























lng Payable: 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


New York 
& London 


London 


Total 


in Canada ^broa 
onlv 


Calendar Years 


























1940 


925.1 


5.2 


.2 


.1 


930.6 


437.6 


7.2 


18.1 


11.2 


162.4 


636.4 487.5 19 


1941 


1,475.3 


11.8 


- 


.4 


1,487.5 


527.0 


29.5 


16.0 


21.4 


187.4 


781.2 948.3 242.i 


1942 


2,428.0 


26.1 


.6 


.4 


2,455.1 


403.7 


11.9 


47.2 


97.5 


269.3 


829.6 


2,024.3 


398, 


Nine Mom lis 




























1940 


533.8 


5.2 


.2 


.1 


539.3 


377.0 


5.7 


14.1 


8.5 


97.2 


502.5 56.8 


120.1 


1941 


1,214.0 


11.8 


- 


.3 


1,226.1 


265.7 


27.7 


12.5 


11 .1 


63.6 


380.5 948.3 


102. 


1942 


1,384.1 


22.4 


.6 


.3 


1,407.4 


291.1 


6.5 


21.2 


79.7 


258.1 


656.5 1,093.0 


342. 


1943 


1,925.8 


139.4 


- 


- 


2,065.2 


498.8 


251.7 


28.4 


38.6 


9.0 


826.6 1,427.0 


188. 


Quarters 




























1943— I 


91.6 


109.7 


- 


- 


201.3 


125.3 


131.1 


2.2 


4.5 


2.3 


265.3 


33.7 


30, 


II 


L ,351.8 


21.4 


- 


- 


1,373.2 


82.3 


1.0 


7.5 


12.0 


5.2 


108. 1 


1,269.5 


4, 


III 


482.4 


8.3 


— 


— 


490.7 


291.2 


119.6 


18.7 


22.1 


1.5 


453.2 


191.2 


153.. 



* Issues payable in Foreign Currency .ire converted at the official rates of the Foreign 1- xchange Control Board. (1) Subject to re\ ision. Wai Sa> 
ficates are included. Treasury Bills are excluded from I, II & 111. For particulars of Dominion Treasury Hills see Heading IV. Because of lack of surticie 
data no tabulation of retirements by municipalities and religious institutions was possible. However, the net reduction of total municipal bonded debt less sniki 
funds has been (in millions of dollars) approximately 25, 30, 39. 30. 46. and 55. respectively in the years 1937 to 1042. Kor footnotes relating to more detail 
matters see Statistical Summary for January, 1942. page 10. 



UG. - SEPT. 1943 



66 



VIII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 








Department 


Employ- 


Aggregate 












Con- 
struction 


Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 










Central 


Index 








News- 


Contracts 


Loadings 




(3) 


(3) 




Gold 


Steel 


print 

(i) 


Electric 






value 












Stations' 2 ' 






Seasonally 
adjusted 


Unadjusted 


Unadjusted 




Thousands 


Thousands 


Thousands 


Millions 


Millions 




June 1, 


June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




1935-39=100 


1941 = 100 


1941 = 100 


Annual TotalsU) 




















1926 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


- 


65.1 


- 


1929 


1,928 


1,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


- 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


_ 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,345 


2,701 


3,426 


27,701 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,841 


3,121 


3,177 


32,412 


281.6 


3,387 


149.5 


113.6 


128.3 


12-Months Ending 




















Aug. 1943 


4,166* 


3,053 


2,990 


34,472 


224.9 


3,405 


150.2 


119.2 


141.1 


Monthly 




















1942— May 


428.8 


272.2 


251.8 


2,657 


23.9 


283.4 


140.1 


109.5 


123.8 


. June 


428.0 


254.2 


242.8 


2,582 


46.8 


286.5 


134.1 


112.3 


125.3 


July 


428.3 


256.6 


241.2 


2,628 


32.1 


293. 8 


145.5 


114.9 


129.5 


Aug. 


406.3 


248.9 


253.2 


2,692 


31.8 


282.2 


154.5 


116.3 


131.6 


1943— May 


313.4 


271.7 


254.0 


3,003 


23.5 


283.8 


138.6 


116.5 


139.8 


June 


326.6 


239.5 


257.8 


2,892 


20.5 


297.9 


130.9 


118.4 


143.6 


July 


292.6 


250.5 


262.3 


2,962 


16.2 


293.5 


144.7 


120.1 


145.7 


Aug. 




246.8 


259.6 


3,015 


23.9 


302.0 


147.1 


121.6 


147.5 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power, 
of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending July, 1943. 



(3) First of Month. (4) Average of months in case 



PRODUCTION OF STEEL INGOTS AND CASTINGS : 1926-43 

THOU SANDS OF SHORT TONS THOUSANDS OF SHORT TONS 

3500 RUNNING 12 - MONTH TOTALS 3500 



3000 



2500 



2000 



1500 



1000 



500 



















































































1 


1 j 






















1 









3000 



2500 



2000 



500 



1000 



500 



1926 '27 '26 "29 '30 '31 '32 '33 "34 '35 '36 '37 '38 '39 '40 '41 '42 '43 '44 '45 



67 



AUG. - SEPT. 194" 



IX— EMPLOYMENT AND PAYROLLS BY INDUSTRIES* 

Dominion Bureau of Statistics 



Unadjusted Index 1926 = 100 






EMPLOYMENT I 


INDEXES 












MANUFACTURING 


Mining 


Transpor- 
tation 


Construc- 
tion and 
Maint- 
enance 


Trade 






Foods 


Forest 
Industries 

(2) 


Textiles 


Machinery 

and 

Vehicles 


Other 

Iron and 

Steel 


Other 
Manufac- 
turing 


Total 

all 

Industries 


Average of Months'" 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


107.8 


112.4 


107.2 


121.9 


130.2 


126.4 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


98.0 


70.6 


96.1 


62.5 


59.0 


92.5 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


118.0 


117.0 


125.6 


98.6 


115.8 


128.8 


153.2 


85.2 


99.5 


132.1 


114.1 


1938 


116.9 


103.8 


120.4 


93.5 


108.9 


129.3 


155.9 


84.4 


105.4 


132.6 


111.8 


1939 


121.2 


100.9 


121.5 


89.5 


110.0 


132.0 


163.8 


85.6 


113.0 


136.6 


113.9 


1940 


138.1 


118.3 


144.1 


115.7 


151.6 


144.3 


168.4 


89.7 


90.7 


142.9 


124.2 


1941 


156.2 


134.1 


159.2 


175.8 


249.3 


185.5 


176.6 


98.9 


126.6 


156.5 


152.3 


1942 


159.7 


139.4 


166.6 


229.3 


394.4 


235.3 


171.3 


105.5 


130.3 


156.1 


173.7 


Aver. 12-Mths. Ending 
























July 1943 


161.4 


134.9 


164.3 


253.6 


449.7 


258.1 


162.1 


110.5 


135.3 


154.0 


181.5 


First of Month 
























1942— Mar. 


148.7 


150.0 


166.3 


216.8 


352.0 


223.8 


176.4 


97.5 


103.7 


151.7 


165.1 


Apr. 


146.4 


141.1 


169.0 


221.5 


366.8 


227.4 


175.0 


99.0 


98.0 


153.0 


165.2 


May 


148.2 


131.3 


169.5 


223.3 


384.0 


229.4 


173.5 


104.1 


109.3 


153.5 


167.4 


June 


151.9 


135.7 


168.9 


228.3 


398.9 


231.2 


173.1 


106.4 


123.3 


153.7 


171.7 


July 


159.0 


138.2 


166.3 


231.6 


415.2 


233.2 


174.1 


108.1 


137.7 


152.8 


175.7 


1943— Mar. 


150.3 


141.1 


165.5 


261.4 


468.3 


263.6 


162.2 


107.1 


122.6 


147.1 


181.5 


Apr. 


149.7 


133.3 


165.4 


262.6 


470.5 


264.9 


160.6 


109.4 


118.8 


148.8 


180.6 


May 


152.0 


121.2 


L62.5 


262.0 


466.6 


263.0 


157. 8 


111.7 


115.6 


151.8 


178.2 


June 


156.3 


128.4 


161.5 


264.5 


464.7 


261.8 


156.2 


114.8 


126.3 


150.6 


181.2 


July 


165.7 


131.9 


158.7 


265.1 


466.1 


264.5 


156.5 


117.2 


133.6 


151.4 


183.7 



Thousands 



NUMBER OF EMPLOYEES : REPORTING FIRMS*: 1943 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total (as above) 



NUMBER OF EMPLOYEES : FIRST OF MONTH 



Jan. 



1,144 

74 

76 

28 

136 

167 

40 

175 

64 



1,903 



Feb. 



1,157 

70 

76 

28 

133 

159 

40 

154 

63 



1,879 



Mar. 



1,165 

69 

76 

27 

135 

155 

40 

151 

63 



1.SS2 



Apr. 

1,168 

56 

75 

27 

138 

150 

40 

153 

63 



1,872 



May 



1,164 

39 

74 

27 

141 

146 

41 

156 

63 



1,852 



June 



1,170 

44 

73 

28 

145 

159 

43 

156 

63 



1 ..SSL' 



July 



1,183 

44 

73 

28 

148 

169 

43 

157 

63 



1,909 



Thousands of Dollars 



PAYROLLS : REPORTING FIRMS*: 1943 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 



Total (as above) 



Jan. 



32. MS 
1,590 
2.505 

S20 
4,905 
1,480 

728 
4 , 1 73 
1,954 



53,303 



AGGREGATE WEEKLY EARNINGS : FIRST OF MONTH 



Feb. 



35,440 

1,435 

2,704 

796 

I. sir, 

4,575 

731 
3,851 

1,970 



56.317 



Mar. 



36,632 
1 .562 
2.795 

793 
4,920 
4,589 

737 
3,808 
1,979 



57,814 



Apr. 



37.119 
1 ,338 
2,741 

783 
5,034 
4,606 

748 
3.872 
1,961 



58,202 



May 



36,171 

!IS«t 
2,616 

797 
5,034 

4,392 

7.").'! 
3,912 
1 ,960 



56.623 



June 



36,998 
1 ,078 
2,643 

813 
5,229 
4,711 

795 
3,937 
l ,968 



58,171 



July 



37,392 

1,155 

2.1.71 

809 

."..277 
5.012 
804 
4,001 
1 .993 



59.112 



* As reported by establishments with not less than 15 employees, 
and Logging. 



I P Average Jan. 1 - Dec. 1. (2) Lumber and Products. Pulp and Paper Product* 



"UG. - SEPT. 1943 



68 



Millions of Tons 



X— STEAM RAILWAYS 

REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS'" 

Dominion Bureau of Statistics 





Farm Products and Foods 


Forest 

Products 

and 

Paper 


Metals 


Non-Metallic M 


inerals 


Manu- 
factures 
and 
Mis- 
cellaneous 






Grains 
and their 
Products 


Livestock 

and 

Meats 


All 
Other 


Coal 
and 
Coke 


Petroleum 

and 
Gasoline 


AI1< 2 ' 
Other 


Total 


Calendar Years 






















1926 


19.9 


2.3 


5.7 


19.1 


4.8 


24.3 


2.6 


10.1 


16.5 


105.2 


1929 


18.8 


2.3 


5.4 


19.6 


7.1 


24.4 


4.0 


13.8 


19.9 


115.2 


1932 


16.4 


1.6 


3.8 


8.3 


. 2.1 


14.4 


2.5 


3.6 


8.1 


60.8 


1937 


10.4 


1.8 


5.2 


14.4 


9.0 


17.4 


2.6 


6.1 


15.3 


82.2 


1938 


14.4 


1.5 


4.9 


11.8 


9.6 


15.1 


2.8 


4.3 


11.8 


76.2 


1939 


17.4 


1.6 


4.9 


12.3 


10.5 


17.2 


2.8 


4.4 


13.5 


84.6 


1940 


16.8 


1.7 


5.1 


15.7 


12.4 


19.3 


3.1 


6.7 


17.2 


97.9 


1941 


22.3 


1.9 


5.9 


17.8 


15.3 


21.9 


3.6 


6.6 


21.7 


117.2 


1942 


20.3 


2.2 


7.0 


19.0 


17.1 


25.4 


10.0 


7.0 


26.1 


134.1 


12-Months Ending 

June 1943 


21.9 


2.3 


7.4 


18.6 


18.1 


26.8 


14.4 


6.9 


27.9 


144.2 


Monthly 

1942— Feb. 


1.4 


.1 


.5 


1.7 


1.1 


2.0 


.3 


.3 


1.8 


9.1 


Mar. 


1.5 




2 


.6 


1.9 


1.3 


2.2 


.5 


.4 


2.2 


10.6 


Apr. 


1.9 




2 


.5 


1.4 


1.4 


1.9 


.5 


.4 


2.3 


10.5 


May 


2.1 




2 


.5 


1.4 


1.5 


1.8 


.6 


.6 


2.2 


10.8 


June 


1.9 




2 


.5 


1.7 


1.5 


1.9 


1.0 


.7 


2.2 


11.7 


1943— Feb. 


1.5 




2 


.5 


1.6 


1.3 


2.3 


1.1 


.3 


2.2 


11.0 


Mar. 


1.9 




2 


.7 


1.9 


1.5 


2.7 


1.1 


.4 


2.6 


12.8 


Apr. 


2.1 




2 


.6 


1.5 


1.5 


2.3 


1.3 


.4 


2.6 


12.6 


May 


2.3 




2 


.5 


1.3 


1.6 


2.0 


1.4 


.5 


2.6 


12.4 


June 


2.3 




2 


.5 


1.6 


1.8 


2.0 


1.6 


.6 


2.4 


13.1 



(1) Carried in Canada. (2) Sand and Gravel, Cement, Lime and Plaster, Stone, Slate, Clay, Asphalt, Salt. 

STEAM RAILWAYS : REVENUE FREIGHT LOADED 
BY CANADIAN RAILWAY SYSTEMS^ 1929-43 

MILLIONS OF SHORT TONS 

150 



MILLIONS OF SHORT TONS 

150 




1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 

t Carried in Canada. * Running 12-month totals in 1941-43. 



69 



AUG. - SEPT. 



T 



Millions of Dollars 



XI— EXTERNAL TRADE : MERCHANDISE IMPORTS'" (,) 

Compiled from Trade of Canada Dominion Bureau of Statistics 





TOTAL IMPORTS (Excluding Gold) FROM 






Excess of 














Re- Exports 






U K 


Other 


USA 


Other 


All 


Ex-Gold 


Imports 


Exports or 




(2) 


BritishU) 




Foreign 


CountrlesM) 




Ex-Gold 


Imports 


Calendar Years 


















1937 


147 


89 


490 


82 


809 


15 


794 


382 


1938 


119 


67 


425 


67 


677 


11 


666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1,346 


496 


1942 


117 


114 


1 ,305 


65 


1,600 


22 


1,579 


970 


12-Months Ending 


















Aug. 1943 


98 


98 


1,364 


74 


1,635 


24 


1,610 


1,311 


Monthly 


















1942— Jan. 


13.3 


10.4 


105.5 


5.8 


135.0 


1.8 


133.3 


32.4 


Feb. 


8.2 


9.0 


96.2 


3.8 


117.2 


1.7 


115.5 


67.6 


Mar. 


13.2 


11.5 


109.1 


6.2 


140.0 


1.5 


138.5 


53.1 


Apr. 


9.3 


11.6 


111.2 


4.5 


136.7 


1.6 


135.0 


47.4 


May 


13.3 


10.4 


115.4 


5.1 


144.2 


1.5 


142.6 


107.1 


June 


8.8 


7.8 


122.0 


5.2 


143.8 


1.7 


142.1 


77.6 


July 


10.7 


11.2 


109.0 


5.6 


136.4 


1.9 


134.6 


79.0 


Aug. 


9.1 


9.9 


105.2 


4.1 


128.2 


1.3 


126.9 


62.7 


1943— Jan. 


5.7 


7.3 


104.8 


6.5 


124.4 


1.2 


123.2 


68.0 


Feb. 


7.1 


5.5 


94.2 


5.1 


111.9 


1.8 


110.1 


70.3 


Mar. 


9.3 


5.2 


120.0 


8.8 


143.3 


1.4 


141.9 


76.2 


Apr. 


7.6 


8.3 


124.4 


5.4 


145.6 


1.3 


144.3 


96.9 


May 


9.3 


13.5 


124.0 


4.4 


151.1 


2.7 


148.4 


114.7 


June 


8.1 


9.8 


121.1 


6.1 


145.2 


1.9 


143.2 


118.1 


July 


10.8 


9.3 


120.0 


7.3 


147.4 


2.9 


144.5 


169.1 


Aug. 


8.7 


7.7 


124.9 


5.7 


146.9 


2.2 


144.7 


154.7 



* (1) See notes on facing page. 

(2) In the case of imports from the United Kingdom, does not include articles imported for the use of the armed forces of the United Kingdom, nor 
articles admitted free under Order in Council. 

(3) Includes Egypt. 



MERCHANDISE TRADE : 1937-43 

TOTAL IMPORTS (EXCLUDING GOLD) 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




"0 MJ SDMJ SDMJ SOMJ SDMJSOMJ SDMJS DMJ SO 

1937 1938 1939 1940 1941 1942 1943 1944 

(1) Includes Egypt. 



*1 



SEPT. 1943 



70 



XI 



EXTERNAL TRADE : MERCHANDISE EXPORTS 1 *"""' 

Compiled from Trade of Canada Dominion Bureau of Statistics 





TOTAL EXPORTS (Excluding Gold) TO 


Net 
Non-Monetary 
Gold Exports 


Total Exports 




U.K. 


Other 

British<3) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries 


Including Net 

Non - Monetary 

Gold 


Calendar Years 
















1937 


384 


107 


382 


158 


1,031 


14.") 


1,176 


1938 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


573 


63 


1,638 


204 


1,842 


1942 


742 


625 


886 


111 


2,364 


184 


2,548 


12-Months Ending 
















Aug. 1943 


909 


610 


1 ,087 


161 


2,766 


155 


2,921 


Monthly 
















1942— Jan. 


52.6 


32.4 


56.1 


9.3 


150.5 


15.1 


165.7 


Feb. 


57.0 


41.8 


54.1 


13.6 


166.5 


16.6 


183.1 


Mar. 


68.7 


38.2 


59.0 


9.6 


175.5 


16.1 


191.6 


Apr. 


57.4 


39.0 


62.7 


9.3 


168.4 


14.1 


182.4 


May 


97.3 


59.9 


67.9 


9.1 


234.2 


15.5 


249.7 


June 


68.4 


61.2 


64.3 


9.2 


203.0 


16.8 


219.7 


July 


60.8 


62.1 


68.1 


6.2 


197.3 


16.3 


213.6 


Aug. 


56.7 


40.1 


70.6 


9.1 


176.5 


13.1 


189.6 


1943— Jan. 


42.6 


37.5 


91.2 


6.0 


177.3 


13.9 


191.2 


Feb. 


51.9 


26.7 


81.1 


8.0 


167.7 


12.8 


180.5 


Mar. 


64.9 


43.8 


88.1 


8.3 


205.2 


12.8 


218.0 


Apr. 


89.3 


47.9 


81.7 


8.8 


227.7 


13.5 


241.2 


May 


95.5 


53.1 


88.7 


13.3 


250.6 


12.5 


263.1 


June 


105.6 


37.2 


90.9 


15.5 


249.2 


12.2 


261.4 


July 


124.4 


55.2 


90.8 


33.2 


303.6 


10.0 


313.6 


Aug. 


111.8 


58.2 


91.2 


31.7 


292.9 


6.5 


299.4 



* It is important to note that under wartime conditions export and import statistics are not reliable indicators of international payments arising out of 
commodity trade, e.g. goods may be shipped overseas for use of the Canadian forces, or may be shipped to destinations other than the country of purchase. 
Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics. (1) For earlier years, 
see pages 18-19, Dec. 1941 — Jan. 1942 issue. (2) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than 
Customs data up to Dec. 1941, after that date (owing to lack of available data) customs figures are used. (.5) Includes Egypt. 

MERCHANDISE TRADE : 1937-43 
DOMESTIC EXPORTS 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



1 400 



1 000 



1 400 



1 000 




M J S 
1937 
(1) Includes Egypt 



M J S 
1944 



71 



AUG. - SEPT. llf 



XII— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 



Thousands of Short Tons 
























SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS | 




Production 


Imports 

from 
Europe 












1 
Net 




Canada 


New- 
foundland 


U.S.A. 


Total 


Exports 
Overseas 


Total 
Supply 


U.S. 
Publishers 


Canadian 
Publishers 


Total 


Increase 

or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,458 


3,345 


200 


3,545 


86 


1936 


3,209 


326 


921 


4,457 


242 


851 


3,848 


3,692 


195 


3,887 


38 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1938 


2,625 


268 


820 


3,713 


243 


681 


3,276 


3,422 


160 


3,582 


306 


1939 


2,869 


305 


939 


4,114 


310 


656 


3,768 


3,520 


190 


3,710 


58 


1940 


3,419 


351 


1,013 


4,783 


34 


892 


3,925 


3,731 


185 


3,916 


9 


1941 


3,426 


345 


1,015 


4,786 


3 


642 


4,146 


3,930 


198 


4,127 


19 


1942 


3,177 


277 


953 


4,407 


- 


296 


4,111 


3,816 


203 


4,019 


92 


12-Mths. Ending 
























Aug. 1943 


2,990 


225 


860 


4,075 


- 


326 


3,749 


3,796 


196 


3,992 


243 


1942-Apr. 


277.7 


26.0 


82.7 


386.4 


- 


23.9 


362.5 


321.0 


16.9 


337.9 


24.7 


May 


251.8 


25.0 


80.0 


356.9 


- 


23.0 


333.8 


326.2 


17.3 


343.5 


9.6 


June 


242.8 


20.3 


79.4 


342.5 


- 


24.1 


318.4 


299.1 


16.7 


315.8 


2.6 


July 


241.2 


20.1 


77.0 


338.2 


- 


35.9 


302.3 


283.4 


16.7 


300.1 


2.2 


Aug. 


253.2 


17.0 


79.9 


350.1 


- 


27.8 


322.3 


300.4 


15.5 


315.9 


6.4 


1943-Apr. 


229.6 


13.1 


68.0 


310.7 


- 


29.6 


281.1 


327.4 


17.0 


344.4 


63.3 


May 


254.0 


16.4 


68.7 


339.1 


- 


29.2 


309.9 


334.1 


16.3 


350.5 


40.6 


June 


257.8 


20.5 


70.3 


348.7 


- 


41.4 


307.3 


307.5 


16.2 


323.7 


16.5 


July 


262.3 


24.8 


67.9 


355.0 


- 


44.7 


310.2 


285.7 


15.2 


300.9 


9.4 


Aug. 


259.6 


21.8 


68.0 


349.4 


— 


41.2 


308.2 


292.1 


16.5 


308.6 


.4 



NEWSPRINT : NORTH AMER ICA : 1938 -43 



THOUSANDS OF SHORT TONS 



THOUSANDS OF SHORT TONS 



4400 



4000 



3600 



3200 




100, 



CUMULATIVE INCREASE 

OR DECREASE IN 
STOCKS SINCE 31/12/35 

IMONTM-CNO BASIS) 



4400 



400C 



400 



200 



M 



100 



JSDMJSDMJSDMJSDMJSDMJS„ 
1938 1939 1940 1941 1942 1943 

(1) Total supply: sec above table. (2) See above table. (3) Cumulative difference of (a) Retained Production plus Imports and (b) Estimated 
Consumption by Publishers. Kor monthly figurea Bee above table. 



RCTSEPT. 1943 



72 



XIII— WHOLESALE PRICES 

Index 1926 = 100 

CANADA U.K. 

Dominion Bureau of Statistics Board of Trade*-" 



Average of Mths. 

1926 
1929 
1932 

1937 
1938 
1939 
1940 
1941 
1942 

Monthly 

1942-Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1943-Jan. 
Feb. 
Mar. 

Apr. 
May 
June 
July 
Aug. 



Farm 
Products 



100.0 

100.8 

48.4 

87.1 
73.6 
64.3 
67.1 
71.2 
82.5 

81.3 
84.3 
85.7 
86.5 
87.1 

87.7 
88.5 
91.2 
92.3 
92.8 
94.4 
96.4 
96.4 



Raw 
Materials 



100.0 
97.5 
55.0 

84.3 
72.7 
67.4 
75.3 
81.8 
90.1 

89.8 
90.5 
92.0 
92.6 
92.7 

93.1 
93.9 
95.6 
97.1 
98.0 
98.7 
100.0 
100.5 



Foods 



100.0 

100.0 

61.5 

81.2 
77.1 
73.9 
79.4 
89.5 
98.0 

97.2 

98.5 

100.7 

101.8 

101.6 

100.0 
100.7 
101.4 
101.9 
102.6 
103.1 
103.6 
103.5 



Manu- 
factures 



100.0 
93.0 
69.8 

80.5 
78.2 
75.3 
81.5 

88.8 
92.0 

91.8 
92.0 
92.2 
92.5 
92.7 

92.5 
92.7 
93.3 
92.7 
92.7 
92.8 
92.8 
93.0 



Total 



100.0 
95.6 
66.7 

84.6 
78.6 
75.4 
82.9 
90.0 
95.7 

95.5 
95.8 
96.6 
97.0 
97.0 

97.1 
97.5 
98.5 
98.9 
99.2 
99.5 
100.1 
100.4 



Foods 



100.0 
93.9 
71.8 

83.6 

79.6 

79.6 

108.5 

119.5 

128.8 

126.7 
126.1 
127.4 
129.3 
130.1 

130.6 
130.7 
130.9 
131.9 
132.7 
131.9 
134.2 
129.4 



Total 



100.0 
92.1 
69.1 

87.7 

81.8 

83.0 

110.2 

123.2 

128.7 

128.2 
128.2 
129.0 
129.8 
130.2 

130.8 
130.8 
130.9 
131.4 
131.8 
131.6 
132.3 
130.9 



U.S.A. 

Bureau o] Labor Statistics 



Farm 


P.aw 




Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


106.1 


101.2 


100.8 


98.9 


99.2 


107.8 


102.2 


102.4 


99.2 


99.6 


109.0 


103.0 


103.4 


99.4 


100.0 


110.5 


103.9 


103.5 


99.4 


100.3 


113.8 


106.1 


104.3 


99.6 


101.0 


117.0 


108.2 


105.2 


100.1 


101.9 


119.0 


109.6 


105.8 


100.3 


102.5 


122.8 


112.0 


107.4 


100.5 


103.4 


123.9 


112.8 


108.4 


100.6 


103.7 


125.7 


114.0 


110.5 


100.7 


104.1 


126.2 


114.3 


109.6 


100.1 


103.8 


125.0 


113.6 


107.2 


99.6 


103.2 


123.5 


112.7 


105.8 


99.7 


103.1 



(1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930=100 in 1930 and thereafter. 
Prices of Finished Products. 



(2) Bureau of Labor Statistics Index of 



Millions of Dollars 



XIV— CASH INCOME FROM THE SALE OF FARM PRODUCTS* 

Dominion Bureau of Statistics 
CANADA TOTAL 







FIELD 


CROPS 






LIVESTOCK 


PRODUCTS 




All 
Other 








Oth 


Other 




Cattle 






Poultry 


Other 




Total 




Wheat 
(l) 


Grains 


Field 
Crops 

(2) 


Total 


and 
Calves 


Hogs 


Products 


AND 

Eggs 


Livestock 
Products 

(3) 


Total 


W 




Calendar Years 


























1926 


419.4 


64.2 


51.6 


535.2 


84.2 


98.0 


112.0 


47.3 


17.2 


358.7 


58.3 


952.2 


1928 


463.7 


86.6 


33.8 


584.1 


119.5 


78.2 


126.4 


60.2 


22.8 


407.1 


67.6 


1,058.8 


1932 


120.9 


17.5 


20.2 


158.6 


41.2 


33.4 


67.8 


25.5 


9.7 


177.6 


41.2 


377.4 


1938 


188.6 


28.8 


37.4 


254.8 


76.9 


79.4 


119.0 


36.3 


16.4 


328.0 


64.9 


647.8 


1939 


217.9 


27.6 


50.7 


296.2 


92.6 


84.8 


113.8 


40.6 


17.7 


349.5 


64.6 


710.2 


1940 


187.7 


26.6 


39.6 


253.9 


108.1 


123.4 


127.1 


43.9 


24.4 


426.9 


72.7 


753.5 


1941 


174.3 


40.3 


49.3 


263.8 


146.5 


159.2 


165.4 


50.1 


26.3 


547.4 


87.7 


898.9 


1942 


145.5 


75.9 


68.7 


290.1 


175.5 


190.9 


224.4 


74.0 


30.0 


694.9 


98.1 


1,083.1 


First Half 


























1940 


27.2 


12.6 


17.6 


57.5 


44.7 


52.4 


54.0 


18.0 


11.6 


180.7 


21.2 


259.3 


1941 


78.0 


11.5 


18.9 


108.3 


56.1 


64.4 


70.2 


21.3 


10.6 


222.6 


25.8 


356.8 


1942 


28.4 


12.2 


36.5 


77.1 


80.1 


91.6 


97.4 


40.6 


12.8 


322.5 


29.1 


428.7 


1943 


68.6 


51.2 


35.5 


155.3 


82.5 


106.2 


110.3 


44.5 


13.2 


356.5 


26.5 


538.3 



* These figures do not include certain direct bonus and subsidy payments, which do not enter into the price of farm products, but which constitute an 
addition to the income shown above. (1) Since 1939 income from the sale of wheat has depended not only on the size of the crop but also upon the 
availability of transportation and storage facilities. (2) Includes corn, hay and clover, potatoes, sugar beets, seeds and tobacco. (3) Includes sheep and 
lambs, wool, horses, honey and fur farming. (4) Includes fruits, vegetables, forest products and maple products. 



73 



AUG. - SEPT. VJT 



XV— GRAINS : ACREAGE AND PRODUCTION : 1936-43 

Dominion Bureau of Statistics 



WHEAT 



OATS 



BARLEY 



RYE 



mm. bus. mm. acres mm. bus. mm. acres mm. bus. mm. acres mm. bus. mm. acres mm. bus. |mm. acres mm. bus. mm. acres mm. acres 



FLAXSEED 



OTHER GRAINS 



(2) 
SUMMER 
FALLOW- 



TOTAL CANADA 



193G 


219.2 


25.6 


271.8 


13.3 


71.9 


4.4 


4.3 


.6 


1.8 


.5 


48.3 


1.7 


16.9 


63. 


1937 


180.2 


25.6 


268.4 


13.0 


83.1 


4.3 


5.8 


.9 


.8 


.2 


49.3 


1.7 


14.8 


60. 


1938 


360.0 


25.9 


371.4 


13.0 


102.2 


4.5 


11.0 


.7 


1.3 


.2 


53.9 


1.7 


15.4 


61. 


1939 


520.6 


26.8 


384.4 


12.8 


103.1 


4.3 


15.3 


1.1 


2.0 


.3 


59.0 


1.7 


14.7 


61. 


1940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


.4 


56.8 


1.7 


15.6 


64. 


1941 


314.8 


22.0 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


19.7 


63. 


1942+, 


556.1 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67. 


1943** 


296.3 


17.5 


499.6 


15.4 


222.7 


8.4 


8.5 


.6 


17.7 


2.8 


52.3 


2.0 


20.6 


67. 



MANITOBA 



1936 


26.0 


2.6 


20.4 


1.5 


19.0 


1.4 


1.0 


.1 


.4 


.1 


.2 





2.0 


7. 


1937 


45.1 


2.9 


43.1 


1.4 


34.8 


1.4 


2.5 


.1 


.4 


- 


.7 


— 


2.0 


7. 


1938 


50.0 


3.2 


41.0 


1.5 


31.0 


1.4 


3.2 


.2 


.3 


- 


.7 


- 


1.8 


8. 


1939 


61.3 


3.2 


34.5 


1.4 


28.0 


1.3 


2.0 


.2 


.4 


.1 


.7 


- 


1.9 


8. 


1940 


66.4 


3.5 


33.0 


1.3 


27.5 


1.3 


2.3 


.2 


.8 


.1 


.6 


— 


1.8 


8. 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


.2 


3.0 


.1 


2.0 


7. 


1942+, 


53.6 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 


.1 


2.4 


8. 


1943** 


39.0 


1.6 


62.0 


1.6 


65.0 


2.3 


.9 


.1 


2.8 


.3 


2.3 


.1 


2.3 


8. 














SASKATCHEi 


WAN 










1936 


110.0 


14.7 


65.5 


4.7 


16.6 


1.3 


1 .5 


.3 


1.2 


.4 


.2 


_ 


9.8 


31. 


1937 


36.0 


13.9 


22.3 


4.4 


5.5 


1.2 


.6 


.5 


.2 


.2 


.1 


- 


8.3 


28. 


1938 


137.8 


13.8 


90.0 


4.2 


20.0 


1.2 


3.4 


.3 


.7 


.1 


.4 


- 


9.1 


28. 


1939 


271.3 


14.2 


112.0 


4.1 


26.0 


1.1 


9.3 


.6 


1.3 


.2 


.7 


- 


8.2 


28. 


1940 


266.7 


15.6 


93.0 


3.9 


23.5 


1.3 


7.0 


.6 


1.7 


.2 


.5 


— 


8.8 


30. 


1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


- 


11.4 


30. 


1942+, 


304.4 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33. 


1943** 


155.0 


10.3 


203.0 


6.5 


82.0 


3.3 


4.8 


.3 


12.0 


2.1 


1.7 


.1 


12.0 


34. 


ALBERTA 


1936 


66.0 


7.5 


50.0 


2.5 


17.0 


1.0 


.8 


.1 


.1 


_ 


.4 


_ 


5.1 


16. 


1937 


75.7 


7.S 


77.0 


2.8 


22.1 


1.0 


1.2 


2 


.1 


- 


.3 


- 


4.6 


16. 


1938 


148.2 


8.0 


101.0 


2.9 


29.2 


1.1 


2.7 


.2 


.2 


- 


.5 


- 


4.4 


16. 


1939 


161.4 


8.4 


85.0 


2.7 


27.0 


1.1 


2.4 


.2 


.3 


- 


.6 


- 


4.6 


17. 


1940 


180.7 


8.7 


103.0 


2.6 


32.0 


1.1 


3.0 


2 


.4 


— 


.8 


— 


5.0 


17. 


19-4 1 


98.0 


6.5 


63.8 


2.8 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 


.1 


6.3 


17. 


1942+, 


170.4 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


2 


2.2 


2 


2.7 


.1 


5.9 


17. 


1943** 


85.0 


4.S 


142.0 


3.7 


64.0 


2.2 


1.5 


.1 


2.6 


.4 


2.1 


.1 


6.3 


17. 













































OTHEF 


. PROVINCES 














1936 


17.2 


.8 


135.9 


4.6 


19.3 


7 


1.0 


.1 


./ 


_ 


47 J 


1.7 


* 


7. 


1937 


23.4 


1.0 


126.1 


4.5 


20.7 


7 


1.4 


.1 


./ 


- 


4S.2 


1.6 


* 


7. 


193S 


24.0 


1.0 


139.3 


4.5 


22.0 


7 


1.6 


.1 


./ 


- 


52.3 


1.6 


* 


7. 


1939 


26.6 


.9 


152.9 


4.6 


22.1 


• 7 


1.6 


.1 


.1 


- 


57.0 


1.6 


* 


7. 


1940 


26.4 


1.0 


151.5 


4.5 


21.3 


- 


1.7 


.1 


.2 


- 


54.9 


1.6 


* 


7. 


1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


.1 


- 


62.4 


1.9 


* 


7. 


1942J 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


- 


80.8 


2.0 


* 


7. 


1943** 


17.3 


.8 


92.6 


3.6 


11.7 


.5 


1.3 


.1 


.3 


- 


46.2 


l.S 


* 


6. 


(1) Buckwheat, mixed 


grains and corn for h 


asking. (, 


) Prairie Provinces only, t Preliminary. 


** Estimate * Not available. 









|G. - SEPT. 1943 



74 



\UiUions of Bushels 



XVI— CANADIAN WHEAT : STATISTICAL POSITION 

Compiled from Grain Trade of Canada and the Monthly Review of the Wheat Situation 



CROP YEAR 
Beginning 
August 1 




Supplies 


Beginning of Period 




Apparent 
Domestic 
Dis- 
appearance 


Available 

for 

Export 

and 
Carry- 
over 


Exports 
of Wheat 

and 
Flour<" 




Grain 

in 
Canada 


Canadian 

Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


End of 
Period 
Stocks 


1927/28 


51 


5 


56 


480 


535 


120 


415 


324 


91 


1928/29 


78 


14 


91 


567 


658 


132 


525 


398 


127 


1929/30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930/31 


111 


16 


127 


421 


547 


139 


408 


269 


139 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 


1935/36 


202 


12 


214 


282 


496 


122 


374 


247 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


97 a) 


121 


96 


25 


1938/39 


24 


1 


25 


360 


385 


122 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


149 


646 


222 


424 


1942/43 


405 


19 


424 


556 u) 


980 


166 w 


814 


2ir 


601 


1943/44 


586 


15 


601 


296 (6) 


898 











(1) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports. (2) Exclusive of consumption of 
i. 7 mm. bushels imported from the United States. (3) Provisionally revised on the basis of preliminary disposition data. (4) Preliminary. (5) Difference 
jetween "Available for Export and Carryover" and "End of Period Stocks". (6) First estimate. 



MILLIONS OF BUSHELS 



CANADIAN WHEAT 

TOTAL SUPPLIES AND DISTRIBUTION 



MILLIONS OF BUSHELS 



1000 




42 42/43 43 



35/36 36/37 37/36 38/39 39/40 40/41 41/42 42/4 3 4 3/44 



- 



TATISTICAL SUMMARY 



ANK OF CANADA 



Tables 

Bank of Canada: 

Assets and Liabilities 



Charts 



II Chartered Banks: 

Assets and Liabilities 

Canadian Deposits and Active Note Circulation . 
Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Securities 

III Security Prices: 

Govt. Securities, Payable in Canada only 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S. A 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

IV Interest on Dominion & C.N.R. Funded Debt .... 

Interest Payable, Classified According to Coupon Rate 

V Wholesale Prices 

VI Cost of Living 

VII Profit Statistics for 628 Companies . 

Profit Statistics for 628 Companies 

VIII Business Activity 

IX Estimated Canadian Balance of International Payments 

X External Trade: 

Imports by Countries 

Exports by Countries 

XI Use of Major Energy Sources: Canada 

Use of Major Energy Sources: Canada and Other Countries 

Index for 1943 



Pages 

75-70 

77 - 78 
75 
7(5 

77 
78 

79 
79 
80 
80 

81 
81 

82 

82 

83 

84 

84 
85 - 80 

87 
87 

88 
S8 

90-96 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE 

Tables and Charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



OCT. - NOV. 1943 

AND 

INDEX 1943 



75 



OCT. - NOV. 



" 



Millions of Dollars 
















I— 


A 




LIABILITIES 


>t 

S( 

)I 
il 

4 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Active 

B. of C. 

Note 

Circulation 


All 
Other 

Accounts 


Lis 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Average of 
Wednesday Figures 

1935- 9 Mths. 


37.2 


176.5 


213.7 


23.9 


.7 


48.9 


6.8 


, 


1936-12 Mths. 


40.4 


184.7 


225.1 


22.5 


1.0 


64.0 


9.4 


1 


1937- 


49.8 


191.4 


241.2 


25.8 


1.2 


90.6 


13.5 


:2 


1938- 


56.0 


199.6 


255.6 


22.8 


2.1 


105.9 


12.5 


:9 


1939- 


60.9 


209.2 


270.1 


32.1 


9.5 


122.9 


11.1 


•5 


1940- 


77.9 


213.7 


291.6 


43.7 


10.3 


194.3 


14.4 


!4 


1941- 


100.6 


217.2 


317.8 


54.9 


7.2 


301.2 


17.0 


(8 


1942- 


120.1 


226.5 


346.6 


64.7 


16.8 


444.7 


22.1 


H 


1942— July 


114.7 


243.6 


358.3 


30.9 


19.6 


438.1 


21.3 


18 


Aug. 


119.1 


214.9 


334.0 


31.5 


18.5 . 


460.7 


22.5 


17 


Sept. 


117.5 


230.1 


347.6 


25.7 


21.0 


495.0 


22.6 


!1 


Oct. 


130.1 


241.0 


371.7 


37.5 


14.8 


515.3 


23.4 


!2 


1943— July 


140.1 


297.4 


437.5 


88.9 


17.3 


628.4 


27.2 


1,9 


Aug. 


135.1 


294.6 


429.7 


56.1 


23.6 


650.0 


25.8 


1,5 


Sept. 


132.1 


310.9 


443.0 


60.4 


13.1 


674.2 


29.9 


l,:o 


Oct. 


141.5 


310.4 


451.9 


68.5 


17.8 


687.7 


31.2 


l,: 


7 


Wednesdays 

Nov. 3 


147.6' 2 ' 


310.3 


463.9 (2) 


138.7 


12.3 


692.5 <2) 


40.5 


l,. 


7 


10 


153.7 <2) 


355.5 


509.2 2 ' 


80.4 


16.1 


686.2 <2> 


34.8 


l, 


:6 


17 


155.0 <2) 


331.5 


486.5 21 


72.5 


13.0 


686.0 (2) 


34.3 


l, 


'2 


24 


161.3 (2) 


338.8 


500.1 <2) 


66.5 


19.9 


678.9 (2) 


32.5 


l, 


'7 



(1) Includes "Other Securities". (2) Estimates. *May. 1940 and subsequent figures give effect to the enactment, under the War Measures Act. of the Foreig E: 
and necessary working balances, were sold to the Foreign Exchange Control Board, and the Bank's minimum gold reserve requirement was temporarily <J ot 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION 1939-43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4900 



4300 



3700 



3100 



2500 




4900 



4300 



3700 



3100 



2500 



DMJSDMJSDMJ 
1939 1940 1941 

* Chartered Bank note circulation and Bank of Canada notes in public circulation. 



iCT. 


- NOV. 1943 


















:an 


ADA 




• 














Millions of Dollars 








ASSETS 












Reserve 


Securities 


Advances 


All 

Other 

Accounts 




! 


Silver 


Foreign 
Currencies 


Total 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total" 




!i 


1.4 


10.3 


166.2 


57.87 


25.6 


94.0 


119.6 


4.1 


4.0 


Average of 
Wednesday Figures 

1935- 9 Mths. 


7 


1.8 


11.4 


192.9 


61.69 


37.0 


86.3 


123.2 


1.7 


4.2 


1936-12 Mths. 


1 


2.5 


20.4 


204.8 


57.11 


57.9 


98.4 


162.2 


- 


5.1 


1937- 


) 


.9 


28.7 


210.6 


54.50 


122.5 


53.0 


181.2 


.9 


6.3 


1938- 


:'i 


- 


43.2 


252.7 


58.15 


139.4 


46.3 


185.7 


.1 


7.2 


1939- 






* 


* 


* 


* 


* 


* 








s 


— 


36.7 


111.9 




323.9 


109.0 


433.0 


1.3 


8.0 


1940- 




- 


88.8 


88.8 




444.1 


149.0 


593.1 


.7 


15.5 


1941- 




- 


122.6 


122.6 




505.9 


246.8 


752.7 


.5 


18.9 


1942- 




— 


19.3 


19.3 




503.9 


328.5 


832.4 


— 


16.6 


July— 1942 




- 


7.4 


7.4 




503.7 


340.7 


844.3 


- 


15.4 


Aug. 




- 


.9 


.9 




615.7 


273.6 


889.3 


- 


21.6 


Sept. 




- 


.9 


.9 




701.2 


241.3 


942.6 


.1 


19.2 


Oct. 




— 


33.0 


33.0 




818.7 


328.9 


1,147.6 


— 


18.6 


July— 1943 




- . 


24.5 


24.5 




811.4 


331.6. 


1,143.0 


- 


17.8 


Aug. 




- 


42.8 


42.8 




796.2 


354.9 


1,151.2 


- 


26.6 


Sept. 




- 


49.2 


49.2 




783.2 


397.5 


1,180.7 


- 


27.3 


Oct. 




_ 


59.6 


59.6 




807.3 


442.0 


1,249.3 




39.0 


Wednesdays 

Nov. 3 




- 


29.7 


29.7 




800.8 


449.2 


1,250.0 


.5 


46.6 


10 




- 


"24.6 


24.6 




796. 8 


452.3 


1,249.1 


.5 


18.2 


17 




— 


22.9 


22.9 




800.3 


460.3 


1,260.7 


.5 


13.9 


24 



76 



n Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange holdings, over and above its short-term requirements 



CHARTERED BANKS : CASH IN CANADA AND CANADIAN DEPOSITS : 1939-43 



MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



4800 



4200 



3600 



3000 



2400 





MONTH 


(LY AVERAGE OF DAILY Fl 


GURES 














//-v'" 












Jl 












\^s> 










/* 


1 










l // \ 


i 






* 
CASH IN CANADA - 


K * x 


^1 








[ \ 


l\ Ji 








\ /* 


i AV / V / 










V 


W/ 












f^ -r 




*■ 












'*»*■' 




















/V"\ J '' 








jpS^^ j v - 


:anadian deposits 






/ 1 








«-*"""" 


-—*«* 








■ 


























1 













480 



420 



360 



300 



240 



D M J S 

1939 
* See note (3) on page 77. 



J 
1940 



J 
1941 



M J S 

1942 



M J S 

1943 



77 



OCT. - NOV. 151 



Millions of Dollars 



II— CI^] 





LIABILITIES 








Deposits 




Securities 




Notes 


Demand 


Time 


Dom. 
and Prov. 


Canadian 
Deposits'" 


Foreign 


Total 
Deposits' 2 ' 


in 
Canada' 3 ' 


DOM. -PROV. 


3 




Under 2 yrs. 


Over 2 yrs. 




Average of 
Month-end Figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


] 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


] 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


: 


1936 


119 


618 


1,518 


77 


2,245 


401 


2,668 


225 


447 


628 




1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


l 


1938 


100 


690 


1,630 


94 


2,449 


408 


2,892 


252 


447 


696 


c 


1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 




1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


t 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


c 

- 


End of 

1942— June 


74 


1 ,289 


1 ,598 


234 


3,115 


506 


3,694 


320 


789 


837 




July 


75 


1 ,352 


1,654 


169 


3,149 


506 


3,747 


362 


852 


830 




Aug. 


73 


1,423 


1,700 


189 


3,289 


515 


3,898 


325 


1,069 


830 




Sept. 


71 


1,527 


1,748 


211 


3,467 


518 


4,075 


359 


1.273 


785 




Oct. 


70 


1,609 


1,709 


286 


3,594 


528 


4,209 


407 


1,427 


670 




1943— June 


50 


1 ,539 


1,782 


780 


4,064 


583 


4,764 


415 


1 ,566 


805 




July 


48 


1,476 


1,826 


657 


3,940 


587 


4,627 


400 


1,559 


793 




Aug. 


47 


1,653 


1,916 


409 


3,940 


621 


4,681 


427 


1,579 


791 




Sept. 


47 


1,768 


1 ,989 


329 


4,062 


596 


4,786 


420 


1,763 


SOO 




Oct. 


46 
ml' 


1,827 


1,961 


319 


4,089 


601 


4,805 


453 , 


1,784 


781 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada. Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes an D 



CHARTERED BANKS : CANAD IAN DEPOSITS : 1939-43 



MILLIONS OF DOLLARS 

2500 



2000 



MILLIONS OF DOLLARS 

2500 



2000 



1500 




1000 



DMJSDMJSDMJS 
1939 1940 1941 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



1942 






)CT. - NOV 
BANKS 



1943 



78 



Millions of Dollars 



ASSETS 



Loans 



CANADA 



Call 



140 
267 

117 

93 

107 

67 

55 

44 
34 
29 

28 

26 

24. 

27 

25 

42 
36 
35 
34 
38 
1 



Current 
Public 



934 
1 ,343 
1,032 

699 
732 

786 

855 

969 

1,091 

1,075 

1,049 

1,017 

988 

978 

1,008 

1,148 

1,133 

1 ,063 

989 

985 

/.eo i 



Current 
Other 



87 

112 
165 

121 
117 
129 

133 

122 
95 
80 

88 
79 

75 

72 
70 

67 
61 
58 
56 

;>:; 



ABROAD 



Call 



250 

301 

84 

64 
68 
51 

48 
44 
44 
56 

54 
53 
55 
58 
58 

67 
66 
76 
79 
76 
-U. 



Current 



261 
248 
172 

150 
165 
158 

145 

138 
133 

127 

134 
127 
115 
116 
113 

103 
100 

89 
88 
91 



Total 

Assets 



2,864 
3,528 
2,869 

3,145 
3,317 
3,349 

3,592 
3,707 
4,008 
4,400 

4,195 
4,246 
4,390 
4,561 
4,690 

5,234 
5,100 
5,155 
5,264 
5,267 



DAILY AVERAGE DATA 




Cash 

in 

Canada u) 


Canadian 
Deposits' 4 ' 


Percent 
of Cash to 
Canadian 

Deposits 


Total 

Active 

Note 

Circulation (5) 




192 


1,958 


9.8 


195 


Average of 
Daily Figures 

1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


225 


2,213 


10.2 


182 


1936 


240 


2,357 


10.2 


200 


1937 


254 


2,412 


10.5 


205 


1938 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


312 


3,058 


10.2 


496 


June-1942 


361 


3,057 


11.8 


517 


July 


333 


3,190 


10.5 


543 . 


Aug. 


344 


3,306 


10.4 


568 


Sept. 


370 


3,495 


10.6 


595 


Oct. 


435 


3,981 


10.9 


670 


June-1943 


434 


3,961 


11.0 


688 


July 


425 


3,896 


10.9 


707 


Aug. 


439 


4,021 


10.9 


725 


Sept. 


1 13 
uC t y 


4,000 


11.1 

ii- a 


745 


Oct. 



ires given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
rtered Bank note circulation and Bank of Canada notes in public circulation. 



CHARTERED BANKS : CANADIAN DEPOSITS, LOANS &. DOM.-PROV. SECURITIES : 1939 -43 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4300 



3700 



3100 



4300 




2500- 



79 



OCT. - NOV. ISi 



III— SECURITY PRICES 

Bank of Canada 







Dominion of Canada Bonds Payable in Canada Only 










Middle of the market quotations 








Average ol 


Business Days 


15th of Each Month 




3K% due June 1, 
1956-66 


3% due June 1, 
1950-55 


Theoretical 

15 Year 

Bond 


Theoretical 

9 Year 

Bond 


Theoretical 
5 Year 
Bond 


Theoretical 
2 Year 
Bond 




Price 


Yield 


Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1938 


100.41 


3.22 


99.01 


3.08 


3.09 


2.76 


1.91 


1.13 


1939 


99.97 


3.23 


98.14 


3.15 


3.16 


2.90 


2.13 


1.54 


1940 


98.90 


3.31 


97.05 


3.25 


3.28 


2.95 


2.16 


1.48 


1941 


100.83 


3.18 


98.96 


3.09 


3.10 


2.92 


2.12 


1.40 


1942 


101.44 


3.12 


99.61 


3.04 


3.06 


3.03 


2.18 


1.48 


Monthly 

1942— Nov. 


101.17 


3.14 


99.55 


3.04 


3.08 


3.03 


2.21 


1.49 


Dec. 


101.59 


3.10 


99.64 


3.03 


3.06 


3.00 


2.22 


1.48 


1943— Jan. 


101.85 


3.08 


99.81 


3.02 


3.05 


2.94 


2.22 


1.52 


Feb. 


102.37 


3.03 


100.09 


2.99 


3.03 


2.85 


2.21 


1.52 


Mar. 


102.43 


3.03 


100.25 


2.96 


3.01 


2.83 


2.21 


1.51 


Apr. 


102.38 


3.03 


100.15 


2.98 


3.00 


2.83 


2.21 


1.50 


May 


102.38 


3.03 


100.13 


2.98 


3.00 


2.83 


2.22 


1.50 


June 


102. G7 


3.03 


100.22 


2.96 


3.00 


2.81 


2.22 


1.50 


July 


102.75 


2.99 


100.42 


2.93 


3.00 


2.79 


2.23 


1.50 


Aug. 


102.75 


2.99 


100.56 


2.91 


3.00 


2.77 


2.23 


1.51 


Sept. 


102.81 


2.98 


100.53 


2.91 


3.00 


2.77 


2.23 


1.52 


Oct. 


102.88 


2.98 


100.50 


2.92 


3.00 


2.77 


2.24 


1.53 


Nov. 


102.80 


2.98 


100.50 


2.92 


3.00 


2.77 


2.24 


1.54 



1.5% 



2.0% 



2.5% 



3.0% 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



1940-43 




■J co/ l I 1 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ' I I I I I I 1 1 1 1 ■ J J/ 

O.J/o JFMAMJJASONDJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 



I940 



I94I 



I942 



I943 



iCT. - NOV. 1943 



80 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 

Middle of the market quotations 


3 Month Treasury Bills 








Average o; 


Business Days 




Tender Rate Nearest 15 th of Month 




Canada" 1 ' 


U. 


K.«> 


U.S.A.") 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1938 


99.71 


3.15 


_ 





_ 




.590 


.611 


.053 


1939 


99.06 


3.19 


93.83 


3.45 


- 


— 


.707 


1.315 


.022 


1940 


97.98 


3.28 


99.92 


3.00 


- 


— 


.699 


1.029 


.014 


1941 


99.90 


3.14 


100.88 


2.92 


- 


- 


.576 


1.006 


.100 


1942 


100.53 


3.08 


101.37 


2.86 


103.01 


2.24 


.537 


1.001 


.327 


Monthly 

1942— Nov. 


100.36 


3.09 


101.71 


2.82 


103.16 


2.22 


.525 


1.002 


.373 


Dec. 


100.62 


3.07 


101.95 


2.79 


102.94 


2.24 


.521 


1.002 


.367 


1943— Jan. 


100.83 


3.05 


102.28 


2.76 


103.59 


2.18 


.514 


1.001 


.363 


Feb. 


101.23 


3.01 


101.96 


2.79 


103.72 


2.17 


.508 


1.000 


.372 


Mar. 


101.34 


3.00 


101.67 


2.82 


103.50 


2.19 


.498 


1.001 


.371 


Apr. 


101.27 


3.01 


101.23 


2.87 


103.72 


2.17 


.498 


1.012 


.373 


May 


101.26 


3.01 


100.57 


2.94 


103.97 


2.14 


.498 


1.001 


.372 


June 


101.45 


3.00 


100.47 


2.95 


104.09 


2.13 


.497 


1.003 


.374 


July 


101.59 


2.96 


100.56 


2.94 


104.43 


2.10 


.497 


1.000 


.374 


Aug. 


101.66 


2.95 


100.51 


2.94 


104.26 


2.11 


.496 


1.049 


.374 


Sept. 


101.67 


2.95 


100.68 


2.92 


103.96 


2.14 


.462 


1.046 


.376 


Oct. 


101.69 


2.95 


100.76 


2.91 


103.88 


2.14 


.433 


.999 


.375 


Nov. 


101.68 


2.95 


100.84 


2.90 


103.57 


2.17 


.411 


1.001 


.375 



(1) Average of Dominion of Canada 3% due June 1, 1950-55 and3J|% due June 1, 1056-66. (2) United Kingdom 3% due Jan. 15, 1954-58; price excluding 
accrued interest. (3) U. S. Treasury iy 2 % due Mar. 15, 1956-58. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 
CANADA, U.K. & U.S.A.: 1942-43 

Daily Opening Quotations 




NOV. DEC. 



I943 



81 



OCT. - NOV. 19 



IV— INTEREST ON DOMINION AND C.N.R. FUNDED DEBT* 

Millions of Dollars 





INTEREST PAYABLE CLASSIFIED ACCORDING TO COUPON RATE 


Total 
Annual 
Interest 
Payable 


Average 

Coupon 

Rate 


Return 

Received by 

Dominion 

on 

Investments 

other than 

C.N.R. 


Net 

Dominion 

and C.N.R. 

Interest 

Payable 


As at 
Mar. 31 


2% or Less 


Over 2% 
not more 
than 3% 


Over 3% 
not more 
than 3\% 


Over 3\% 
not more 
than 4% 


Over 4% 
not more 
than 4^% 


Over 4i% 
not more 
than 5% 


Over 5% 


1926 


_ 


2.6 


8.1 


27.2 


9.7 


31.6 


87.8 


167.1 


4.89% 


** 

8.7 


158.4 


1927 


.7 


2.6 


8.1 


21.3 


14.4 


30.7 


87.6 


165.5 


4.88% 


8.7 


156.8 


1928 


.7 


2.5 


8.1 


22.0 


18.1 


29.9 


81.7 


163.1 


4.85% 


11.1 


152.0 


1929 


.7 


2.5 


8.1 


21.9 


19.6 


27.5 


81.3 


161.7 


4.85% 


11.2 


150.5 


1930 


.6 


2.6 


8.1 


22.0 


17.9 


35.7 


78.2 


165.1 


4.85% 


12.4 


152.7 


1931 


.6 


2.6 


8.1 


25.0 


21.6 


38.0 


78.2 


174.1 


4.82% 


9.3 


164.7 


1932 


.6 


2.6 


8.1 


25.0 


52.5 


45.8 


44.9 


179.5 


4.66% 


9.2 


170.2 


1933 


.6 


2.5 


8.1 


30.4 


54.7 


44.8 


42.8 


184.0 


4.63% 


11.4 


172.6 


1934 


.5 


2.6 


11.3 


40.7 


52.5 


44.5 


33.1 


185.3 


4.51% 


11.3 


174.0 


1935 


4.0 


10.4 


16.9 


34.2 


51.6 


44.3 


20.9 


182.2 


4.24% 


10.9 


171.4 


1936 


8.0 


15.2 


15.3 


33.2 


46.9 


44.2 


16.0 


178.8 


3.99% 


10.4 


168.4 


1937 


7.7 


20.0 


17.1 


34.3 


46.7 


33.7 


14.6 


174.1 


3.83% 


12.2 


161.9 


1938 


9.5 


21.8 


20.1 


34.3 


46.6 


33.6 


1.6 


167.4 


3.65% 


12.8 


154.6 


1939 


8.7 


24.9 


21.0 


33.2 


46.5 


33.4 


1.6 


169.3 


3.64% 


13.5 


155.7 


1940 


14.3 


22.4 


26.1 


30.9 


46.3 


33.4 


1.6 


175.1 


3.53% 


13.7 


161.4 


1941 


20.4 


33.7 


24.3 


23.2 


42.8 


33.3 


1.6 


179.3 


3.25% 


16.3 


163.0 


1942 


20.6 


81.5 


20.4 


15.4 


42.4 


24.5 


1.6 


206.3 


3.05% 


20.2 


186.1 


1943 


31.0 


109.4 


20.0 


12.7 


41.8 


19.0 


1.6 


235.5 


2.73% 


27.2 


208.3 



ic C.N.R. funded debt held by the public (i.e. excluding debt to the Dominion Government) is included in the table because part of the war-time increase 
in Dominion debt has been incurred in order to finance redemption of C.N.R. bonds to a face value of more than $500 mm. Most of this redemption 
took place in connection with the official programme of repatriating securities from the United Kingdom. 
* On gross funded debt outstanding, including Treasury Bills. Deposit Certificates. War Savings Certificates and School Land Debenture Stock but 
excluding all matured items. 

** During fiscal year ending on date shown. 



INTEREST ON DOMINION AND C.N.R. FUNDED DEBT*: 1926-43 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 




I927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 
ir See note to table above. 






______ 



)CT. - NOV. 1943 



82 



V— WHOLESALE PRICES 

Index 1926 = 100 

CANADA U.K. 

Dominion Bureau of Statistics • Board of Traded 



U.S.A. 

Bureau of Labor Statistics 







Raw 




Manu- 






Products 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1938 


73.6 


72.7 


77.1 


78.2 


78.6 


1939 


64.3 


67.4 


73.9 


75.3 


75.4 


1940 


67.1 


75.3 


79.4 


81.5 


82.9 


1941 


71.2 


81.8 


89.5 


88.8 


90.0 


1942 


82.5 


90.1 


98.1 


91.9 


95.6 


Monthly 












1942-Oct. 


85.7 


92.2 


100.0 


92.1 


96.6 


Nov. 


86.5 


92.7 


101.1 


92.4 


96.9 


Dec. 


87.1 


92.8 


100.8 


92.6 


97.0 


1943- Jan. 


87.7 


93.1 


100.0 


92.5 


97.1 


Feb. 


88.5 


93.9 


100.7 


92.7 


97.5 


Mar. 


91.2 


95.6 


101.4 


93.3 


98.5 


Apr. 


92.3 


97.1 


101.9 


92.7 


98.9 


May 


92.8 


98.0 


102.6 


92.7 


99.2 


June 


94.4 


98.7 


103.1 


92.8 


99.5 


July 


96.4 


100.0 


103.6 


92.8 


100.1 


Aug. 


97.5 


100.5 


103.5 


93.0 


100.4 


Sept. 


97.9 


101.4 


102.5 


93.7 


101.2 


Oct. 


103.6 


103.2 


103.1 


93.7 


101.9 



Foods 


Total 


100.0 


100.0 


93.9 


92.1 


71.8 


69.1 


83.6 


87.7 


79.6 


81.8 


79.6 


83.0 


108.5 


110.2 


119.5 


123.2 


128.8 


128.7 


127.4 


129.0 


129.3 


129.8 


130.1 


130.2 


130.6 


130.8 


130.7 


130.8 


130.9 


130.9 


131.9 


131.4 


132.7 


131.8 


131.9 


131.6 


134.2 


132.3 


129.4 


130.9 


129.9 


131.5 


128.7 


131.1 









Manu- 




Products 


Materials 


Foods 


factures 
(2) 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84. S 


85.5 


87.2 


86.3 


68.5 


72.0 


73.6 


82.2 


78.6 


65.3 


70.2 


70.4 


80.4 


77.1 


67.7 


71.9 


71.3 


81.6 


78.6 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


109.0 


103.0 


103.4 


99.4 


100.0 


110.5 


103.9 


103.5 


99.4 


100.3 


113.8 


106.1 


104.3 


99.6 


101.0 


117.0 


108.2 


.105.2 


100.1 


101.9 


119.0 


109.6 


105.8 


100.3 


102.5 


122.8 


112.0 


107.4 


100.5 


103.4 


123.9 


112.8 


108.4 


100.6 


103.7 


125.7 


114.0 


110.5 


100.7 


104.1 


126.2 


114.3 


109.6 


100.1 


103.8 


125.0 


113.6 


107.2 


99.6 


103.2 


123.5 


112.7 


105.8 


99.7 


103.1 


123.1 


112.4 


105.0 


99.9 


103.1 


122.2 


111.9 


105.1 


100.0 


103.0 



(1) Adjusted to 1926=100 from base 1913 
Prices of Finished Products. 



Index 1935-39 = 100 



100 in 1926-29 and from base 1930= 100 in 1930 and thereafter. (2) Bureau of Labor Statistics Index of 

VI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1936 


97.8 


101.5 


99.3 


96.1 


97.2 


99.1 


98.1 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1938 


103.8 


97.7 


100.9 


103.1 


102.4 


101.2 


102.2 


1939 


100.6 


101.2 


100.7 


103.8 


101.4 


101.4 


101.5 


1940 


105.6 


107.1 


109.2 


106.3 


107.2 


102.3 


105.6 


1941 


116.1 


110.3 


116.1 


109.4 


113.8 


105.1 


111.7 


1942 


127.2 


112.8 


120.0 


111.3 


117.9 


107.1 


117.0 


Monthly 
















1942— May 


124.3 


112.9 


119.9 


111.3 


118.0 


107.1 


116.1 


June 


126.2 


112.6 


119.9 


111.3 


117.9 


107.1 


116.7 


July 


130.3 


112.5 


120.0 


111.3 


117.9 


107.1 


117.9 


Aug. 


129.6 


112.5 


120.1 


111.3 


117.8 


107.1 


117.7 


Sept. 


128.5 


112.5 


120.1 


111.3 


117.8 


107.1 


117.4 


Oct. 


129.8 


112.8 


120.1 


111.3 


117.8 


107.1 


117.8 


1943— May 


129.9 


112.7 


120.2 


111.5 


117.8 


108.0 


118.1 


June 


130.9 


113.0 


120.4 


111.5 


117.8 


108.2 


118.5 


July 


131.8 


113.4 


120.5 


111.5 


117.8 


108.2 


118.8 


Aug. 


133.2 


113.4 


120.6 


111.5 


117.9 


108.2 


119.2 


Sept. 


133.5 


113.4 


120.6 


111.5 


118.2 


108.3 


119.4 


Oct. 


132.9 


113.3 


121.1 


111.9 


118.2 


108.3 


119.3 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500, with incomes between $1,200- $1,600 most common. 



83 



OCT. - NOV. 19 



VII— PROFIT STATISTICS FOR 628 COMPANIES* : 1936-42 

Millions of Dollars 
SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 



1936 



1938 



1939 



1941 



1942 



Net Operating Profit (Before Depreciation) 

Depreciation, Deferred Development & Patent Write-Offs .... 

Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) . . 

Net Profit before Income and Excess Profits Tax Provision 
Income and Excess Profits Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders' (2)<3) 

Forced Saving (Refundable Portion of Excess Profits Tax) . . . 

Net Income Available for Dividends ' (2) (3) 

Net Income Paid Out in Cash Dividends 

Undistributed Income (ex Forced Saving)' 1 " 2 " 3 ' 



439 

112 

54 

79 

302 

51 

251 



251 



532 

120 

60 

79 

393 

65 

328 
328 



469 

124 

57 

77 

325 

56 

269 
269 



565 

135 

54 

77 

407 

79 

328 
328 



715 

162 

49 

77 

525 
188 

337 
337 



905 

206 

55 

75 

679 
299 

380 



380 



1,013 

264 

53 

74 

728 
349 

379 

19 

360 



196 
55 



234 
94 



250 
19 



240 
88 



239 
98 



239 

141 



233 
127 



NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Fiscal Year 
Nearest to Calendar Year 



Food 

Drink 

Tobacco 

Leather 

Rubber 

Textiles and Apparel 

Wood Products, (incl. Logging) 

Pulp and Paper' 3 ' 

Paper Products 

Printing and Publishing 

Iron, Steel and Products (ex Machinery) 

Machinery 

Gold Mining < 3; 

Other Non-Ferrous Metals (ex Electrical) 

Electrical Machinery and Equipment . . 

Coal and Petroleum' 3 ' 

Non-Metallic Minerals (ex Fuels) 

Chemicals 

Wholesale Trade and Service 

Retail Trade 

Retail Service 

Electric Utilities 

Communications 

Railways 

Other Transportation and Storage 

Total of 628 Companies 



Number 

of 

Companies 



53 
17 

3 
12 

6 
52 

15 
23 
24 
10 

46 
57 
40 
18 

23 
27 
20 
32 

54 
19 
15 

24 
6 
I 

31 



628 



1936 



9.7 

10.2 

6.7 

.6 

1.7 
7.5 

1.0 
4.0 
3.0 

1.1 

6.1 

5.9 

39.3 

65.5 

4.1 

34.3 

1.8 

8.8 

3.3 
4.3 

.4 

19.6 
6.9 

6.0 

-.4 

251.4 



1937 



9.8 

12.9 

7.0 

.8 

1.7 

7.2 

1.3 

10.8 

3.7 

1.3 

11.9 
12.5 

41:5 

96.5 

7.3 
37.7 

4.3 
10.5 

3.8 
5.3 

.7 



7.7 
9.5 

.2 

328.4 



1938 



7.9 

11.3 

7.0 

.5 

2.5 
4.4 

.7 
1.6 
3.1 
1.1 

9.2 

9.3 

44.2 

71.0 

6.2 
35.5 

4.6 
9.4 

3.1 

4.4 

.9 

22.1 
S.O 
1.3 
-.4 

268.7 



1939 



16.1 

10.7 

7.2 

1.0 

2.:> 

10.8 

1.5 
9.1 
3.6 
1.4 

13.5 

7.2 

43.8 

87.6 

6.2 

33.3 

:>.i 

13.0 

4.3 
5.2 



2:;.!) 
8.1 
9.8 
2.0 



1940 



12.3 

10.4 

6.7 

.8 

2.3 
10.2 

1.3 

19.5 

3.8 

1.2 

13.6 
11.7 
41.2 
85.8 

6.7 

29.4 

4.7 

11.7 

1.1 
5.4 

1.1 

21.0 
S.2 

20.1 
3.6 



327.8 337.0 



13.8 
12.4 

6.4 
.8 

3.3 
1 1 .5 

1.4 

21.8 

4.8 

1.1 



15 
17 
36 
95 



7.3 
28.9 

5.3 
12.4 

4.5 
6.3 
L.6 

22.5 
9.8 

34.4 
5.2 

379.9 



1942 



Net Income to Of HkUi 
Stockholder* Forced Sati 



14.6 

15.5 

6.6 

1.0 

5.0 

12.8 

1.6 

17.0 

4.3 

1.1 

15.9 
20.7 
29.2 
90.1 

8.6 

25.1 

5.4 

11.5 

5.1 

7.1 
1.7 

24.4 

9.9 

40.4 

5.0 

379.4 



.7 
.4 
.3 
.1 
.4 
2.0 

.2 
.3 
.6 

2.0 
3.3 

2.0 

1.6 

.2 
.4 

.5 
.6 
.2 

1.3 
.8 



18.7 



* Compiled by Bank of Canada. The sample includes all companies with 
1941 assets over $500,000 which publish reports or file them with the Com- 
panies Branch of the Dept. ol the Secretary of State, plus over one hundred 
smaller companies whose reports were available on the same basis. For (he 
628 companies, net income to stockholders in recent years, appears to be 
about two-thirds of the total for all companies. The table is. of course, 
subject to all the limitations and qualifications which apply to the basic 
accounting statements. 
(1) For purposes of comparability any special capital charges made against 

income account in company reports have been added back, as well as special 
inventory reserve provision amounting to 2.5, 8.3, 14.6, 5.2 in the yean 
1939 to 1942 respectively. Depletion charges as specified in footnote (3) 
have also been added back into net income to stockholders. Thus profits 



shown in this table are overstated to the extent that no deductions are mi 

for these factors. See also footnote (2). 

(2) Includes current bond interest earned but not paid in cash ol 2 2, - 4. 
1.7, 2.4, 2.3 and 1.9 in the years 1936 to 1942 respectively. 

(3) Depletion charges have been added back into "Net Income to Stockholdc 
for the years 1936 to 1942 respectively as follows: pulp and paper, I, 
1.7, 1.4. 1.0, 2.0. 2.0 ami 2.0; other non-ferrous metals. 2.3, 3.6, ^.S. ■ 
3.9, 4.2. and 4.0; coal and petroleum, .5, .8, ..s. .3. .4. ,5 and .5. Th . 
in these cases, and m othei ,.is, s such as gold mining, where depletion - 
not been charged in the accounting statements v> i staled. 

(4) The increased rate ol excess profits tax (and forced saving) imposed in 
1942 Budget did not go into force until July 1. l'>42. and consequently ' 
effect ovei a lull yi ai will not be apparent until 1943 statements are avails! • 



CT. - NOV. 1943 



84 



VIII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Steel 


News- 
print 
(i) 


Central 
Electric 
Stations* 21 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


June 1, 
1941 = 100 


Annual Totals«> 




















1926 


1,754 


869 


1,889 


9,354 


372.9 


3,253 


- 


65.1 


- 


1929 


1,928 


1,544 


2,727 


13,897 


576.7 


3,533 


140.5 


77.8 


- 


1932 


3,044 


380 


1,919 


12,296 


132.9 


2,176 


93.1 


57.2 


- 


1933 


2,949 


459 


2,009 


12,812 


97.3 


2,032 


88.2 


54.5 


- 


1937 


4,096 


1,571 


3,648 


17,934 


224.1 


2,635 


103.8 


74.6 


— 


1938 


4,725 


1,294 


2,625 


18,056 


187.3 


2,428 


99.9 


73.1 


- 


1939 


5,094 


1,551 


2,869 


19,405 


187.2 


2,549 


103.6 


74.5 


- 


1940 


5,311 


2,256 


3,419 


22,522 


346.0 


2,827 


116.2 


81.2 


- 


1941 


5,345 


2,701 


3,426 


27,724 


394.0 


3,204 


133.8 


99.6 


- 


1942 


4,841 


3,121 


3,177 


32,506 


281.6 


3,387 


149.5 


113.6 


128.3 


12-Months Ending 

Oct. 1943 


3,956* 


3,050 


2,972 


35,188 


211.7 


3,410 


150.9 


119.9 


143.3 


Monthly 

1942— July 


428.3 


256.6 


241.2 


2,636 


32.1 


293., S 


145.5 


114.9 


129.5 


Aug. 


406.3 


248.9 


253.2 


2,700 


31.8 


282.2 


154.5 


116.3 


131.6 


Sept. 


380.7 


244.9 


257.6 


2,674 


29.7 


289.9 


152.7 


117.3 


135.3 


Oct. 


385.1 


271.1 


271.6 


2,837 


21.4 


323.1 


152.9 


118.6 


137.8 


1943— July 


292.7 


250.5 


262.3 


2,970 


16.2 


293.5 


144.7 


120.1 


145.7 


Aug. 


293.4 


246.8 


259.6 


3,022 


23.9 


302.1 


148.4 


121.6 


147.7 


Sept. 


282.8 


241.3 


251.8 


2,998 


18.6 


303.4 


156.8 


121.8 


148.7 


Oct. 




272.0 


259.3 


3,132 


19.2 


315.2 


155.3 


122.7 


150.7 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) First of Month. (4) Average of months incase 
of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Sept., 1943. 



PROFIT STATISTICS FOR 628 COMPANIES : 1936-42 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



800 



800 



FISCAL YEAR NEAREST TO CALENDAR YEAR 



NET PROFIT BEFORE PAYMENT OF 
INCOME AND EXCESS PROFITS TAXES 




NET INCOME 

TO STOCKHOLDERS 

CEX REFUNDABLE PORTION 
OF EXCESS PROFITS TAX) 



600 



400 



200 



1936 1937 1938 

*See footnote (4) to table on facing page. 



1942 



85 



OCT. - NOV. 1<M 
IX— ESTIMATED CANADIAN BALANCE jp 



Millions of Canadian Dollars 



1941 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



1942 



Exports 
or Credits 



Imports 
or Debits 



All Countries 
Current Account 

Merchandise Trade (Adjusted) ' 

Net Exports of Non-monetary Gold 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 '"' 

Total Current Account 

Special Gold Transactions 

Capital Receipts or Payments 

Billion Dollar Contribution 

Balancing Item <6) 

Empire Countries 
Current Account 

United Kingdom 

Merchandise Trade (Adjusted) (l) 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items <2) 

Total 

Other Empire Countries 

Merchandise Trade (Adjusted) 0) 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 

Total 

Total Empire Countries 

Merchandise Trade (Adjusted) 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

War Service Receipts 

Canadian Overseas Expenditures 

Remaining Current Items 12 ' 

Total 

Total Current Account — United Kingdom 

Other Empire . . 

Total Empire . . . 

Capital Receipts'" 

Sub-Total .... 

Special Gold Transactions 4 ' 

Capital Payments 14 ' 

Billion Dollar Contribution' 4 ' 

Balancing Item |6) 



1,732 
204 
111 
60 
185 
166 

2,458 



566 



914 
2 

4 

110 

63 

1,093 



1S4 

1 

1 

9 

33 

228 



1,098 

3 

f) 

119 

74 

22 

1,321 

1,093 
228 




1,502 



1,264 

21 
286 
167 
229 

1,967 



1,063 



oo 

28 

126 

359 



142 

1 
•> 

8 

4 

157 

279 

.'! 
68 
36 

07 
33 

516 

359 
157 

516 



516 



990 



468 

204 

90 

226 

18 

63 

491 



497 



2,523 

184 

81 

67 

221 

308 

3,384 

23 

1,235 



/ 1 1 

62 

S2 

63 



734 



42 

1 

1 

29 



71 



819 

63 
83 

74 
97 
11 

805 

734 
71 

805 

181 

986 



990 



1 ,408 

2 

5 

114 

112 

1,641 



141 

2 
13 
37 

193 



1 M\) 

2 

7 

127 

130 

19 

1,834 

1,641 
193 

1,834 

884 

2,718 



1,406 

26 

270 
22S 

345 

2,275 

23 

1,341 

1,000 



116 
2 

50 

41 
99.=; 



434 



L10 



123 



226 

9 

51 

49 

I'll 
3S 

557 

434 
123 

557 



557 

23 

1,129 

1,000 







hCT. - NOV. 1943 

JMATIONAL PAYMENTS : 1941 AND 1942 

t Statistics* 



86 



Millions of Canadian Dollars 



1941 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



1942 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



n-Empire Countries 
Current Account 

United States 
Merchandise Trade (Adjusted) (1) . . . 
Net Exports of Non-monetary Gold 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 3 ' 



Total . 



Other Non-Empire Countries 
Merchandise Trade (Adjusted) (1> . 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items 



Total 



Total Non-Empire Countries 

Merchandise Trade (Adjusted) (1) . . . 
Net Exports of Non-monetary Gold. 

Tourist Trade 

Interest and Dividends 

Freight and Shipping 

Other Current Items ' 



Total Current Account . 



otal Current Account — United States 

Other Non-Empire. 



Total Non-Empire. 



apital Payments 



Sub-Total 



fecial Gold Transactions . 
Iapital Receipts <s> 



alancing Item 



56G 

204 

107 

39 

64 

65 

1,045 



08 
1 

16 
2 
5 



92 



034 

204 

108 

55 

66 

70 

1,137 

1,045 
92 

1,137 



1,137 



385 



010 

18 
214 
131 

90 

1,363 



4 

9 

88 

985 

IN 
2 IS 

131 
99 

1,451 

1,363 

88 

1,451 

73 

1,524 



:J44 

204 

89 

175 

07 

25 

318 



7 

1 

12 

2 

4 



351 

204 

90 

163 

65 

29 

314 

318 
4 

314 
73 

387 



385 
2 



911 

184 

79 

43 

92 

152 

1,461 



63 

17 
2 

7 



89 



974 

184 

79 

60 

94 

159 

1,550 

1,461 
89 

1,550 



1,550 

23 

351 



1,116 

24 
2 1 5 
179 
107 

1,641 



64 

4 



77 



1,180 

24 
210 
17(1 
116 

1,718 

1,641 

77 

1,718 

212 

1,930 



205 

184 

55 

172 

87 

45 

180 



13 
2 



12 



206 

184 

55 

159 

85 

43 

168 

180 
12 

168 

212 

380 

23 

351 

6 



ie above estimates are taken from "The Canadian Balance of Inter- 
tional Payments, 1937 to 1942" recently released by the Dominion 
ireau of Statistics. This release incorporates the various improvements 
estimating technique and the new sources of data developed during the 
:erval, and places the various series on a comparable basis throughout 
e period. The estimates contain a number of substantial revisions for 
e years prior to 1942 and they supersede previously published data. 

erchandise trade entries are compiled to show as far as is possible the 
tual transfers of funds connected therewith rather than the physical 
jvement of goods as recorded in the trade returns. Under wartime 
nditions there are frequently considerable deviations between the two 
ies. 

'ther Current Items" under the headings "United Kingdom" and "Other 
npire Countries" include Canadian war expenditure overseas, and war 
vice receipts (such as those connected with air training and internment 
!erations). These two component items are shown separately in the 
immary table for "Total Empire Countries". Newfoundland's net trans- 
itions in sterling are also entered under this heading. 



(3) "Other Current Items" under the "United States" heading include receipts 
arising from American military expenditures in Newfoundland and on the 
Alaska Road and other projects in the Canadian Northwest. The rest of 
Newfoundland's net transactions in U. S. dollars are also included in this 
category. 

(4) For details on Capital transactions with the Sterling area, see Statistical 
Summary, April-May, 1943, page 40. 

(5) In 1942 Non-Empire Capital debits included in addition to repayments of 
loans, mortgages and investments, changes in private balances and the 
increase in Canada's official reserves of gold and U. S. dollars. The large 
volume of credits, which was only moderately less than in 1941, resulted 
to a considerably greater degree from sales of Dominion, Dominion Guar- 
anteed and Provincial bonds than in the preceding year. For 1941 trans- 
actions see footnotes (6) and (7) on page 8 of Statistical Summary for 
Dec. 1942-Jan. 1943. 

(6) Reflects possible errors and the omission of certain factors which cannot be 
measured statistically such as changes in the timing of payments for 
goods and services, etc. 



87 



OCT. - NOV. 194 



Millions of Dollars 



X— EXTERNAL TRADE 

Compiled from Trade of Canada, Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS'*)* 1 ' 





TOTAL IMPORTS (Excluding Gold) FROM 


Re- Exports 


Retained 














Total 


Excess of 




U.K. 

(2) 


Other 

British^) 


U.S.A. 


Other 
Foreign 


All 
Countrlesm 


Ex-Gold 


Imports 
Ex-Gold 


Exports 


Calendar Years 


















1937 


147 


89 


490 


82 


809 


15 


794 


382 


1938 


119 


67 


425 


67 


677 


11 


666 


329 


1939 


113 


75 


497 


65 


750 


11 


739 


342 


1940 


137 


106 


744 


70 


1,057 


14 


1,043 


346 


1941 


136 


143 


1,004 


82 


1,366 


19 


1,346 


496 


1942 


117 


114 


1,305 


65 


1,600 


22 


1,579 


970 


12-Months Ending 


















Oct. 1943 


96 


100 


1,401 


71 


1,669 


27 


1,642 


1,358 


Monthly 


















1942— Apr. 


9.3 


11.6 


111.2 


4.5 


136.7 


1.6 


135.0 


47.4 


May 


13.3 


10.4 


115.4 


5.1 


144.2 


1.5 


142.6 


107.1 


June 


8.8 


7.8 


122.0 


5.2 


143.8 


1.7 


142.1 


77.6 


July 


10.7 


11.2 


109.0 


5.6 


136.4 


1.9 


134.6 


79.0 


Aug. 


9.1 


9.9 


105.2 


4.1 


128.2 


1.3 


126.9 


62.7 


Sept. 


9.7 


7.1 


100.7 


5.2 


122.6 


1.4 


121.2 


100.0 


Oct. 


9.2 


8.8 


110.3 


8.6 


136.9 


1.1 


135.9 


95.3 


1943— Apr. 


7.6 


8.3 


124.4 


5.4 


145.6 


1.3 


144.3 


96.9 


May 


9.3 


13.5 


124.0 


4.4 


151.1 


2.7 


148.4 


114.7 


June 


8.1 


9.8 


121.1 


6.1 


145.2 


1.9 


143.2 


118.1 


July 


10.8 


9.3 


120.0 


7.3 


147.4 


2.9 


144.5 


169.1 


Aug. 


8.7 


7.7 


124.9 


5.7 


146.9 


2.2 


144.7 


158.4 


Sept. 


7.1 


8.2 


113.5 


5.7 


134.5 


2.5 


132.0 


124.7 


Oct. 


10.1 


9.6 


134.5 


5.6 


159.7 


3.1 


156.6 


114.5 



Millions of Dollars 



2. MERCHANDISE EXPORTS*' <>' «> 





TOTAL EXPORTS (Excluding Gold) TO 


N'KT 

Non-Monetary 
Gold Exports 


Total Exports 




U.K. 


Other 
British(J) 


U.S.A. 


Other 
Foreign 


Total 

All 

Countries 


Including Net 

Non - Monetary 

Gold 


Calendar Years 
















1937 


384 


107 


382 


158 


1,031 


145 


1,176 


1938 


334 


103 


261 


137 


835 


161 


996 


1939 


331 


104 


336 


126 


897 


185 


1,081 


1940 


532 


157 


416 


81 


1,186 


203 


1,389 


1941 


702 


300 


573 


63 


1,638 


204 


1,842 


1942 


742 


625 


886 


111 


2,364 


184 


2,548 


12-Months Ending 
















Oct. 1943 


953 


559 


1,137 


204 


2,853 


147 


3,000 


Monthly 
















1942— Apr. 


57.4 


39.0 


62.7 


9.3 


168.4 


14.1 


182.4 


May 


97.3 


59.9 


67.9 


9.1 


234.2 


15.5 


249.7 


June 


68.4 


61.2 


64.3 


9.2 


203.0 


16.8 


219.7 


July 


60.8 


62.1 


68.1 


6.2 


197.3 


16.3 


213.6 


Aug. 


56.7 


40.1 


70.6 


9.1 


176.5 


13.1 


189.6 


Sept. 


51.5 


69.1 


77.3 


8.1 


206.1 


15.0 


221.1 


Oct. 


55.3 


71.5 


79.2 


5.9 


211.9 


19.3 


231.2 


L943— Apr. 


89.3 


47.9 


81.7 


8.8 


227.7 


13.5 


241.2 


May 


95.5 


53.1 


88.7 


13.3 


250.6 


12.5 


263.1 


June 


105.6 


37.2 


90.9 


15.5 


249.2 


12.2 


261.4 


July 


124.4 


55.2 


90.8 


33.2 


303.6 


10.0 


313.6 


Aug. 


111.8 


58.2 


91.2 


31.7 


292.9 


10.2 


303.0 
256.7 


Sept. 


77.7 


41.0 


94.0 


32.3 


244.9 


1 1.8 


Oct. 


73. J 


18.2 


112.S 


25.4 


259.8 


1 1 .3 


271.1 



* It is important to note that under wartime conditions export and import statistics are not reliable indicators of intern.ition.il payments ansim: .-111 
of commodity trade, e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country 01 
purchase. Estimated payments ami receipts arising from visible trade are presented in the Balance of lntrrn.ition.il Payments Statistics on pases 
KS X(> ol this issue. (I) For earlier years, see pages 18-19, Dec. 1941 - Jan. 1942 issue. 

(2) In the 1 ase of imports from the United Kingdon, does not include articles imported for the use ol the armed forces ol the United Kingdom, nor 
articles admitted free under Order in Council. 

(,f) Includes Egypt. 

(4) In the ease of wheat, export clearance figures are baaed on Board of Grain Commissioners tat bet than Customs data up to Dei 1941, at'tei that date 
(owing to lack of available data) customs ligures are used. 



)CT. - NOV. 1943 



88 



XI— USE OF MAJOR ENERGY SOURCES*: 1926-42 



r -n t- tt Compiled from publications of the Dom. Bureau of Statistics and Dept. of Mines aud Resoi 
yilhons of B. T. U. r j r j j r j 





Water Power 


CoAL«> 


Petroleum Fuels* 6 ' 


Natural 
Gas'" 


Sum ( 


Total' 8 

>f Foregoing 




At 1926 
Average Coal 
Equivalents) 


At Yeirly 
Average Coal 
Equivalent(l) 


Fuels 


Domestic 


Domestic' 4 ' 


Imports* 5 ' 


Total ' 


Domestic 


Imports 


Total' 6 ' 


Domestic 


Domestic 


Imports 


Total 


1926 


262 


262 


379 


464 


844 


2 


105 


107 


21 


664 


569 


1,234 


1927 


317 


299 


394 


501 


895 


3 


129 


131 


23 


719 


629 


1,348 


1928 


361 


325 


409 


464 


873 


4 


137 


141 


24 


763 


601 


1,364 


1929 


405 


351 


405 


500 


906 


7 


165 


172 


31 


794 


665 


1,459 


1930 


407 


338 


347 


514 


861 


9 


159 


169 


32 


726 


673 


1,400 


1931 


379 


301 


288 


357 


645 


10 


152 


162 


28 


627 


509 


1,136 


1932 


380 


293 


273 


324 


597 


6 


145 


151 


25 


597 


469 


1,066 


1933 


415 


313 


280 


302 


581 


7 


137 


144 


25 


624 


438 


1,063 


1934 


500 


377 


327 


356 


683 


9 


151 


160 


25 


737 


507 


1,245 


1935 


553 


414 


327 


327 


654 


9 


161 


170 


27 


777 


488 


1,265 


1936 


597 


441 


356 


353 


710 


9 


177 


186 


30 


837 


530 


1,367 


1937 


645 


473 


375 


390 


764 


18 


187 


205 


35 


901 


577 


1,477 


j 1938 


606 


438 


340 


341 


681 


43 


172 


215 


36 


858 


513 


1,371 


1939 


663 


473 


370 


397 


767 


49 


184 


232 


38 


929 


581 


1,509 


! 1940 


700 


484 


418 


468 


885 


54 


209 


264 


39 


995 


677 


1,672 


| 1941 


777 


534 


435 


552 


987 


63 


238 


301 


47 


1,079 


791 


1,869 


i 1942** 


866 


595 


440 


677 


1,117 


64 


229 


293 


47 


1,147 


906 


2,052 



Excludes firewood. In 1926 firewood appears to have slightly exceeded 
petroleum as a source of energy. Petroleum, however, increased approx- 
imately 175% from 1926 to 1942 whereas firewood appears to have declined. 
Output of central electric stations, generated by water, less exports. 
Water power is calculated at the coal equivalent, based on the average 
efficiency of central electric stations in the United States as reported by 
the Edison Electric Institute. Because of increased efficiency in the 
utilization of coal, this average decreased from the equivalent of 1.95 lbs. 
of coal per kilowatt hour in 1926 to the equivalent of 1.34 lbs. in 1941. 
Calculated at the constant 1926 rate of 1.95 lbs. of coal per kilowatt hour. 
Includes anthracite coal, bituminous coal, sub-bituminous coal, lignite 
coal and imported coke. The unit heat values employed are: anthracite, 
27,200,000 b.t.u. per ton; bituminous, 26,200,000 b.t.u. per ton; sub- 
bituminous and lignite, 20,000,000 b.t.u. per ton; coke, 26,000,000 b.t.u. 
per ton. 



(4) Sum of sales by Canadian coal mines, colliery consumption, coal supplied 
to employees and coal used in making coke, etc., less tonnage bunkered 
and exported. 

(5) Imported for consumption. Deductions have been made to take account 
of foreign coal re-exported and bunkered. 

(6) Gasoline, fuel and gas oils, engine distillate and kerosene. Apparent con- 
sumption computed from production, imports and exports and refinery 
stocks. The unit heat values employed are: gasoline, 150,000 b.t.u. per gal.; 
heavy fuel oil, 177,500 b.t.u. per gal.; light fuel oil, 167,000 b.t.u. per gal.; 
kerosene, 162,000 b.t.u. per gal. 

(7) Total production. The unit heat values employed are, 1,075 b.t.u. per cu. ft. 

(8) Including water power calculated at the yearly average coal equivalent. 
** Preliminary. 



USE OF MAJOR ENERGY SOURCES 



CANADA: 1926, 1935 AND 1942 



VARIOUS COUNTRIES: 1938 



COAL 



WATER 
POWER 



Q 



PETROLEUM 
FUELS 



1926 



NATURAL 
GAS 





G 



1935 



G 



1942 



Q 



TOTAL } 



« BUM Of FOREGOING J 







PER CAPITA USE 
[. •.'■ 'I NATURAL GAS 
V///A PETROLEUM FUELS 
fHffii COAL 



WATER POWER 



(I) 




200 



160 



U.S.A. CANADA U.K. NORWAY GERMANY 



(1) Water power included at the yearly average coal equivalent, based on the average efficiency of central electric stations in the United States. 
For coal equivalent at 1926 efficiency see first column of table above. 



INDEX 1943 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

A 

Agriculture 

Dairy Products: cash income 24, 72 . . . 23 

Field Crops: cash income 24, 72 ... 23 

Grains: acreage & production t . 42, 73 

See also Wheat; and Wheat & Flour 
Income — see Farm Income 

Livestock: cash income 24, 72 ... 23 

Prices — see individual commodities or groups or 

Wholesale Price Indexes 
See also individual commodities or groups 

B 

Balance of International Payments 

Estimates: with Empire & non-Empire countries 7,8,85,86 

with sterling area 40 

Bank Loans — See Chartered Banks and Federal Reserve System 

Bank of Canada 

Assets M 

Deposits M, 59 

Foreign Exchange M, 59 

Investments M, 59 

Liabilities M 

Note Circulation — see also Note Circulation M, 59 

Reserve M, 59 

Banks 

Canada — see Bank of Canada and Chartered Banks 
U.S.A. — see Federal Reserve System 

Bond Issues 

New Issues: Canada 9, 39, 49, 65 

U.S.A 14, 56 

Retirements 9, 39, 49, 65 

Summary of Changes in Currency of Payment 10, 39, 49, 65 

See also Government Bonds 

Building — See Construction 

Business Activity M .... 66 

c 

Call Loans — See Chartered Banks: Loans 

Canadian National Railways 

Bonds Outstanding: total gtd. and ungtd. by currency of payment. 10 

Deficit 2 1 , 60 

Loans from Dominion . . . . . . . . . . . . 21 

New Issues — see Bond Issues 
Retirements — see Bond Issues 

Sinking Funds 10 

See also Public Finance: Dominion: Debt 

Capital Issues — See Bond Issues 

90 



J. 



91 INDEX 19 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Carloadings 

Revenue Freight Loaded 27, 68 ... 27, 68 

Volume M 

Cash 

Chartered Banks M .... 16, 30, 44,76 

Cash Income — See Farm Income and National Income 

Cash Ratio (Chartered Banks) M 

Central Electric Stations — See Electric Power 

Chartered Banks 

Assets & Liabilities M 

Cash M . . . 16, 30, 44,76 

Cash Ratio M 

Deposits: annual classification 5 

demand and time M, 59 ... 17, 31, 45, 59, 77 

total M . 15, 16, 17, 18,29,30, 

31, 32, 43, 44, 45, 46, 
59, 75, 76, 77, 78 

Investments M, 59 18, 32, 46, 78 

Loans: annual classification 5 

total . .... .. M, 59 ... 18, 32, 46, 78 

Note Circulation — see also Note Circulation M, 59 

Security Holdings — see Investments (above) 

Coal 

Consumption: domestic & imports 88 .... 88 

Clothing 

Retail Price Index 82 

Retail Sales Index 26, 52 

Construction 

Contracts Awarded: value M 

Corporate Financing — See Bond Issues 

Corporate Profits S3 .... 84 

Cost of Living Indexes 

Canada: component indexes 82 

U.S.A 14,56 

Current Loans — See Chartered Banks: Loans 



D 

Dairy Products 

Cash Income 24, 72 

Department Store Sales 

Index of Value M, 26, 52 

Deposit Certificates 

Amount Outstanding 9, 22, 39, 49, 60, 65 

Net New Issues or Retirements 9, 39, 49, 65 

Deposits — See Bank of Canada, Chartered Banks ami 
Federal Reserve System 

Dividends— See Interest & Dividends 

Dominion Finance — See Public Finance 



23 



MDEX 1943 92 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables Charts 



E 



70, 87 




70 


69, 87 




6') 


7, 8, 40, 


85, 86 




69, 87 






7, 8, 40, 


85, 86 




69, 87 






69, 87 






7, 8, 85, 


86 





Electric Power 

Consumption: volume 13, 53, 88 88 

Exports: volume 13, 53 

Installed Capacity 13,53 

Production: volume M, 13, 53 . . 13, 53 

I Employment 

Index: by industries 12, 42, 55, 67 

total M, 12, 42, 55, 67 

Numbers: by industries 12, 55, 67 

Exports — See External Trade 

j External Trade 

Balance of Merchandise Trade — see Merchandise (below) 

Capital Receipts and Payments 7, 8, 40, 85, 86 

Current Account Items . .' 7, 8, 40, 85, 86 

Exports: value: by countries 70, 87 

Imports: value: by countries 

Invisible Items 

Merchandise Trade Balance 

Merchandise Trade in Balance of International Payments. 

Re-exports: value 

Retained Imports: value .... 

Tourist Trade: receipts & expenditures 



Farm Income 

Canada: by products 24, 72 ... 23 

by provinces 24 .... 23 

U.S.A.: index 14,56 

Farm Products 

Wholesale Price Index: Canada M .... 25 

U.S. A M 

See also individual commodities or groups 

Federal Reserve System 

Deposits 14, 56 

Investments 14, 56 

Loans 14, 56 

Reserves 14, 56 

Field Crops 

Cash Income 24, 72 . .23 

See also Wheat 

Food Products 

Retail Price Index 82 

Retail Sales Index 26, 52 

Wholesale Price Index: Canada M 

U.K M 

U.S.A M 

See also individual commodities or groups 

Foreign Exchange Control Board 21, 22, 60 

Foreign Trade — See External Trade 

Fruits & Vegetables 

Cash Income 24 .... 23 



93 INDEX 19 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Fuel 

Consumption: by countries gg 

Canada 88 .... 88 

Retail Price Index 82 

Funded Debt — See Public Finance 

Furniture 

Retail Price Index 82 

Retail Sales Index 26, 52 



G 

Gold 

Non-Monetary: exports: value 7, 8, 70, 85, 86, 87 

Total: production: volume M 

Government Bonds 

New Issues 9, 39, 49, 65 

Prices, Yields: domestic: Canada M . . . . M 

UK 20,34,48,64,80 . 20,34,48,64,80 

U.S.A 20, 34, 48, 64, 80 . 14. 20, 34, 48, 56, 

64, 80 

Repatriation 21, 40, 60 

Retirements 9, 39, 49, 65 

Sinking Funds 10 

See also Public Finance: Dominion: Debt 

Government Finance— See Public Finance 

Grains 

Acreage & Production 42, 73 

See also Wheat; and Wheat & Flour 

I 

Imports — See External Trade 

Income — See Corporate Profits, Farm Income, National Income, and Payrolls 

Interest& Dividends 

Payments Abroad & Receipts from Abroad 7, 8, 40, 85, 86 

See also Corporate Profits 

L 

Livestock 

Cash Income 24, 72 ... 23 

Loans — See Chartered Hanks and Federal Reserve System 

M 

Manufactures 

Production Index: U.S.A 14,56 

Wholesale Price Index: Canada M 

U.S.A ... U ... 14,56 

See also individual commodities or groups and Business Activity 

Money 

Volume 59 

See also Bank of CANADA and CHARTERED Banks 

Municipal Finance — See Public Finance: Municipalities 






J4DEX 1943 94 

M indicates every issue. 
Unless otherwise stated tables and charts refer to Canada only. 
Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

N 

National Debt — See Public Finance 

National Income 

U.S.A. Index: paid out 14, 56 

See also Farm Income and Payrolls 

Natural Gas 

Consumption 88 .... 88 

New Issues — See Bond Issues 



Newsprint 

Canada: production: volume M, 28, 54, 71 

North America: consumption, production & stocks 28, 54, 71 . . 28,54,71 

Note Circulation 

Bank of Canada M, 59 

Bank of Canada Active & Chartered Bank M, 59 . . 15,29, 43, 75 



Paper — See Newsprint 

Payrolls 

By Industries 12, 55, 67 

Index: Canada M 

Petroleum Fuels 

Consumption : domestic & imports 88 .... 88 

Population 

By Age Groups 50 .... 50 

Power— See Electric Power 

Prices — See individual commodities or groups or Cost of Living, 
Retail Price Index, and Wholesale Price Indexes 

Production — See individual commodities or groups, or Business Activity, 
Electric Power, and Manufactures 

Profits — See Corporate Profits 

Provincial Debt — See Public Finance: Provinces 

Public Finance 

Canadian National Railways — See Canadian National Railways 

Dominion 

Balance at Bank of Canada M, 59 

Bonds — see Debt (below) and Government Bonds 

Cash Requirements 21, 60 

Debt, Funded: direct & guaranteed: by currency of payment . 

interest payments by coupon rate ... 81 .... 81 

return on investments 

sinking funds 

see also Government Bonds 

Expenditure: by items 

Interest Payments by Coupon Rate 81 81 

Investments 

Loans 

New Issues — see Bond Issues 

Repatriation of Dominion Bonds Payable in London . 

Retirements — see Bond Issues 

Revenue: by items 22, 60 

Sinking Funds 10 



10 






81 






81 






10 






21, 


60 




81 






21, 


60 




21, 


60 




21, 


40, 


60 



95 INDEX ltff 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Public Finance — continued 

Taxes: collections: by items 

income 

Treasury Bills — see Treasury Bills 
War Expenditures .... 
War Savings Certificates & Stamps 

Dominion & Provinces 

Grants-in-aid: old age pensions 

relief .... 
Subsidies 



Tables 


22, 


60 


22, 


60 


21, 


40, 60 


22, 


60 


21 




21 




21, 


37 



Charts 



Municipalities 

Debt Outstanding: by class of municipality and province ... 62 

Expenditure 61 

Revenue 61 

Sinking Funds 62 

Tax Receipts 61 

Provinces 

Debt Outstanding: direct & guaranteed: by currency of payment 10 

by types .... 35 
See also Government Bonds 

Expenditure: by items 38 

New Issues — see Bond Issues 
Retirements — see Bond Issues 

Revenue: by items 37 

Sinking Funds 10, 35 

Tax Receipts 37 

R 

Railways (Steam) 

Carloadings. M 

Revenue Freight Loaded: by products 27, 68 . 27, 68 

See also Canadian National Railways 

Raw Materials 

Wholesale Price Index: Canada M 

U.S.A M . 14, 56 

Rent 

Index 82 

Retail Price Index 26, 52 

See also Cost of Living 

Retail Sales 

Index of Value 26, 52 ... 26, 52 

See also Department Store Sales 



Securities — See Banks, Bond Issues, Government Bonds 
and Public Finance 

Security Prices — See Government Bonus and Stock Exchanges 

Steel 

Production: volume .... M . . 66 

Stock Exchanges 

Common Stock Price Index: U.S.A. ... 14, 56 



TOEX 1943 



96 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 



Charts 



Taxes — See Public Finance 

Tourist Trade (International) 
Receipts & Expenditures . 



Treasury Bills 

Canada, U.K. & U.S.A.: tender rate . . . . 
Dominion Government: amount outstanding 

net new issues or retirements 



7, 8, 85, 86 

20, 34, 48, 64, 80 
9, 22, 39, 49, 60, 65 
9, 39, 49, 65 



u 

Unemployment Insurance 



21, 60 



w 

Wages 

Index: U.S.A 14,56 

See also Payrolls 

War Expenditures 

By Items 21,60 

Canadian Capital Transactions with Sterling Area 21, 40 

Canadian Current Expenditures in Sterling Area 40 

Sterling Area Current Expenditures in Canada 40 

War Savings Certificates & Stamps 22, 60 

Wheat 

Acreage & Production 42, 73 

Cash Income 24, 72 . 23 

Exports: volume 74 

Government Expenditure. 21, 22, 60 

Statistical Position 74 .... 74 

Wholesale Price Index 25 

Wheat & Flour 

Exports: volume 74 

See also Grains 

Wholesale Price Indexes 

Canada M .... 25 

U.K M 

U.S.A M . ... 14, 56 



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